Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212576 
Year of Publication: 
2006
Series/Report no.: 
BOFIT Discussion Papers No. 4/2006
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
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.
Subjects: 
Non-wage benefits
labor turnover
labor attachment
Russia
JEL: 
J32
J33
J42
J63
M52
P31
Persistent Identifier of the first edition: 
ISBN: 
952-462-817-1
Document Type: 
Working Paper

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