Abstract

The authors of this article focused on another aspect of poverty and carried out regression analysis of the data influencing the formation of the minimum wage in the labour market in the constituent entities of the Russian Federation. The authors determined the fact of leveling the importance of the federal minimum wage as a tool to influence the level of economic development of regions and reduce poverty. Also, the performed regression analysis revealed a statistically significant effect of poverty and unemployment rates on the decline in real wages in the constituent entity of the Russian Federation. Thus, the analysis showed that the main factors influencing the establishment of the minimum wage in the region are the median wages, the gross regional product of the subject and the subsistence minimum of the TN. Fixed capital investments do not directly affect the level of minimum wages.

Highlights

  • In the contemporary world poverty deals with many questions, which are in focus of many researchers

  • The authors of this article focused on another aspect of poverty and carried out regression analysis of the data influencing the formation of the minimum wage in the labour market in the constituent entities of the Russian Federation:

  • Based on the content analysis, it was found that the legislation limits the level of minimum wages in the regions of the Russian Federation - the minimum wage cannot be lower than the federal minimum wage, which leads the regions to the need to set the minimum wage at the minimum wage even in cases where it is economically unjustified, which further increases " monetary overhang "in the region, increasing the degree of stratification of society into citizens included in the contour of redistribution of state subsidies for interbudgetary equalization and citizens not included in these contours, and forming citizens have a dependent mood

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Summary

Introduction

In the contemporary world poverty deals with many questions, which are in focus of many researchers. The authors of this article focused on another aspect of poverty and carried out regression analysis of the data influencing the formation of the minimum wage in the labour market in the constituent entities of the Russian Federation:

Results
Conclusion
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