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Modeling of risks in the sphere of wages

Author

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  • Svitlana Koval

    (Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine)

Abstract

The subject of article is the study of the methods of modeling and management of risks related, in particular, with the differences of official and actual estimates of remuneration. Since there is a fairly large set of methods and models of risk assessment, the choice of the most optimal among them is an urgent scientific problem. The study used general scientific and special methods: analysis and synthesis, analogies and comparison, trend construction, etc. The results of work. Theoretical models of comparison of official and actual estimates of remuneration based on linear and exponential equations were obtained. The results of the study can be used by all interested parties, including the bodies of state executive power in improving the mechanisms of implementation of socio-economic policy of employment and state regulation of the labor market of Ukraine in the sphere of remuneration. The conclusions. 1. The results obtained confirm the urgency of developing issues related to modeling and management of risks in the field of remuneration. As a result of the analysis and assessment of risks using special methods, the scenarios of development of possible risky events, the likelihood of their occurrence and consequences were obtained. 2.The advantages of Black-Shoulse-Merton models are high prediction, ease of calculations, acceptable accuracy of the forecast, as well as openness of information available to all participants in the labor market. 3. The proposed risk model will assess the degree of influence of the selected factors on the main sources of risks and, on the basis of the obtained assessment, more effectively to choose measures aimed at minimizing risks.

Suggested Citation

  • Svitlana Koval, 2022. "Modeling of risks in the sphere of wages," University Economic Bulletin, Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education, issue 55, pages 53-58, December.
  • Handle: RePEc:aff:colart:y:2022:i:55:p:53-58
    DOI: https://doi.org/10.31470/2306-546X-2022-55-53-58
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