Arbeitspapier
Non-wage benefits, costs turnover, and labor attachment: evidence from Russian firms
Just as in established market economies, many Russian firms provide non-wage benefits such as housing, medical care or day care to their employees.Interpreting this as a strategic choice of firms in an imperfect labor market, this paper examines unique survey data for 404 large and medium-size industrial establishments from 40 Russian regions.We find strong evidence that Russian industrial firms use social services to reduce the costs of labor turnover in the face of tight labor markets.The strongest effect is observed for blue-collar workers.We also find that the share of non-monetary compensation decreases with improved access to local social services.
- ISBN
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952-462-817-1
- Language
-
Englisch
- Bibliographic citation
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Series: BOFIT Discussion Papers ; No. 4/2006
- Classification
-
Wirtschaft
Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
Compensation Packages; Payment Methods
Monopsony; Segmented Labor Markets
Labor Turnover; Vacancies; Layoffs
Personnel Economics: Compensation and Compensation Methods and Their Effects
Socialist Enterprises and Their Transitions
- Subject
-
Non-wage benefits
labor turnover
labor attachment
Russia
- Event
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Geistige Schöpfung
- (who)
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Juurikkala, Tuuli
Lazareva, Olga
- Event
-
Veröffentlichung
- (who)
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Bank of Finland, Institute for Economies in Transition (BOFIT)
- (where)
-
Helsinki
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Juurikkala, Tuuli
- Lazareva, Olga
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Time of origin
- 2006
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