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In January–October 2017, households' real disposable cash income fell by 1.3% as compared to the relevant period of 2016. It is noteworthy that real accrued wages rose by 3.0%, while the real size of assigned pensions, by 3.9%. During the fi rst three quarters of 2017, Rb 6.4 trillion worth of...
Persistent link: https://www.econbiz.de/10012931415
Since the beginning of 2014, wage arrears has been growing. In nominal terms, in 2016, according to Rosstat, it was 1.5 times higher than that in 2014. However, in absolute terms, the debt stays rather low and not comparable to the situation of the 1990s
Persistent link: https://www.econbiz.de/10012959647
If real wages continue to follow the ongoing trend, it would take three years for compensation of employees in the Russian economy to return to what it was prior to crisis. An analysis shows that wages have been hit hardest in state-financed sectors and in construction. In 2010–2014, wages...
Persistent link: https://www.econbiz.de/10012941070