Wage Rigidity or Labour Mobility?

Student: Anisimova Anastasiia

Educational Programme: Economics (Master)

Year of Graduation: 2017

In this paper we investigate downward nominal wage rigidity (henceforth DNWR) in Russia and US for the period from 2001 to 2012. In this work, in order to reveal factors that explain difference in wage rigidity for employees we use nonparametric methods. In the case of downward wage rigidity we will observe the gap at zero in the density of wage change distribution. We propose to use this gap as a manifestation and a measure of DNWR. Moreover we investigate influence of labour mobility on the gap. The evaluation results suggest that wage rigidity in Russia is determined by the same factors as in the US and Europe, with the exception of the activity of trade unions and low inflation. Also, race and trade unions have a little influence on DNWR in US.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses