Wage policies of a Russian firm and the financial crisis of 1998: Evidence from personnel data 1997 to 2002

T.J. Dohmen; H. Lehmann; M.E. Schaffer

doi:10.26481/umagsb.2013042

Wage policies of a Russian firm and the financial crisis of 1998: Evidence from personnel data 1997 to 2002

T.J. Dohmen, H. Lehmann, M.E. Schaffer

Macro, International & Labour Economics

Research output: Working paper / Preprint › Working paper

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Abstract

We use a rich personnel data set from a Russian firm for the years 1997 to 2002 to analyze how the firm adjusts wages and employment during this period in which local labor market conditions changed in the aftermath of the financial crisis in 1998. We relate the development of turnover and wages for various employment categories to alternative models of wage and employment determination. We argue that the firm’s behavior is consistent with the predictions of efficiency wage models of the shirking and turnover type.

Original language	English
Place of Publication	Maastricht
Publisher	Maastricht University, Graduate School of Business and Economics
DOIs	https://doi.org/10.26481/umagsb.2013042
Publication status	Published - 1 Jan 2013

Publication series

Series	GSBE Research Memoranda
Number	042

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10.26481/umagsb.2013042

RM13042Final published version, 448 KB

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WAGE POLICIES OF A RUSSIAN FIRM AND THE FINANCIAL CRISIS OF 1998: EVIDENCE FROM PERSONNEL DATA, 1997 TO 2002
Dohmen, T., Lehmann, H. F. & Schaffer, M. E., Apr 2014, In: Industrial & Labor Relations Review. 67, 2, p. 504-531
Research output: Contribution to journal › Article › Academic › peer-review

Cite this

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Wage policies of a Russian firm and the financial crisis of 1998: Evidence from personnel data 1997 to 2002

Abstract

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Research output

WAGE POLICIES OF A RUSSIAN FIRM AND THE FINANCIAL CRISIS OF 1998: EVIDENCE FROM PERSONNEL DATA, 1997 TO 2002

Cite this