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Minimum Living Wage as a Basic Aspect for Managing the Population`s Life Quality in Russia

Author

Listed:
  • E. Nakhratova
  • I. Ilina
  • O. Urzha
  • E. Kryukova
  • E. Potekhina

Abstract

The purpose of this research is to analyze the problem of incompliance of the minimum living wage (MLW) and the subsistence level. The consumer baskets of the Moscow residents and Europeans are compared. The MLW in Russia and countries of the Eurozone is aligned. Social aspects of raising the MLW to the level of the subsistence level are considered. Positive and negative consequences are formulated. The dynamics of the MLW and subsistence level are studied in detail. The factors influencing the quality of the population’s life are regulated. Positive and negative consequences of raising the MLW are formulated. Conclusions about the quality of the Russian population’s life are made. The article is based on a comprehensive study of regulatory and legislative documents that establish the MLW amount, the subsistence level, the consumer basket, as well as on studying the works of national and foreign researchers.

Suggested Citation

  • E. Nakhratova & I. Ilina & O. Urzha & E. Kryukova & E. Potekhina, 2018. "Minimum Living Wage as a Basic Aspect for Managing the Population`s Life Quality in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 601-610.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:2:p:601-610
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    References listed on IDEAS

    as
    1. Elena Ivanova Danilina & Oksana Sergeevna Gaifutdinova & Nikolay Kuznetsof, 2015. "Reduction in Budgetary Expenditure on Social Services as one of the Russian Economy Stabilization Plan Direction," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 247-260.
    2. Kosali Ilayperuma Simon & Robert Kaestner, 2004. "Do Minimum Wages Affect Non-Wage Job Attributes? Evidence on Fringe Benefits," ILR Review, Cornell University, ILR School, vol. 58(1), pages 52-70, October.
    3. Sergey Mikhailovich Vasin & Leyla Ayvarovna Gamidullaeva & Tamara Kerimovna Rostovskaya, 2017. "The Challenge of Social Innovation: Approaches and Key Mechanisms of Development," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 25-45.
    4. Pavla Breckova, 2016. "Family Business in the Czech Republic," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 3-16.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Minimum living wage (MLW); subsistence level; consumer basket; employable population; minimum subsistence level. JEL Classification: J30; J31; J39.;
    All these keywords.

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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