期刊名称：DIW Diskussionspapiere / Deutsches Institut für Wirtschaftsforschung, Berlin
出版年度：2008
卷号：2008
出版社：Deutsches Institut für Wirtschaftsforschung, Berlin
摘要：We use a rich personnel data set from a Russian firm for the years 1997 to 2002
to analyze how the financial crisis in 1998 and the resulting change in external
labor market conditions affect the wages and the welfare of workers inside a
firm. We provide evidence that large shocks to external conditions affect the
firm's personnel policies, and show that the burden of the shock is not evenly
spread across the workforce. The firm takes advantage of a high-inflationary
environment and of a fall in workers' outside options after the financial crisis
and cuts real wages. Earnings are curbed most for those who earned the highest
rents, resulting in a strong compression of real wages. The fact that real wages
and real compensation levels never recovered to pre-crisis levels even though
the firm's financial situation was better in 2002 than before the crisis and the
differential treatment of employee groups within the firm can be taken as
evidence that market forces strongly influence the wage policies of our
firm.
关键词：Internal labor markets, wage policies of a firm, personnel data, Russia
