Changing Approaches To Determining The Living Wage In Russia

Abstract

The article deals with the current trend of changing the calculation of the living wage in Russia. It is aimed at identifying the specific features and actual issues of the transition of the cost-based approach to the income-based approach when calculating the living wage in Russia and developing ways to solve them. As the results of the research of the cost approach, the following are distinguished: first, the specifics of calculating the living wage based on the cost approach are presented; second, the calculation of the real value of the consumer basket of the Pskov region based on actual data and comparison of its amount with the normative amount established by the Decree of the Administration of the Pskov region; third, the disadvantages of the cost approach to determining the living wage based on the consumer basket are revealed. As the results of the research of the income approach, the following are distinguished: the procedure for determining the median per capita income, the methodology for calculating the living wage according to the new rules and the features of implementing the new income approach in determining the living wage in Russia are considered; a comparative analysis of the cost and income approaches in determining the living wage in Russia is carried out; the problems associated with the introduction of the income approach to the definition of the living wage in Russia are identified, and the directions for their solution are proposed.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.250

Online ISSN

2357-1330