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Working paper

Производительность труда и стоимость рабочей силы: как рождаются статистические иллюзии

The paper provides a thorough critique of conventional wisdom that in the Russian economy of 2000-s labor compensation was increasing at much higher annual rates than productivity. It reveals a number of wrong implicit assumptions that lead to this statistical illusion. The most important of them are: 1) substitution of producer real wage for consumer real wage; 2) using of data on wages instead of data on total labor compensation. Relying upon both official statistics and findings of business surveys the paper concludes that in fact 2004–2007 were a period of sharp decrease rather than of sharp increase in unit labor cost.