Assymetry in the hired labour remuneration and productivity in Ukraine
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331.1(477) (1)
Teoria și organizarea muncii. Relațiile dintre întreprinderi și angajați (249)
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PEPA, Taras; SHVETS, Pavlo. Assymetry in the hired labour remuneration and productivity in Ukraine. In: The Scientific Journal of Cahul State University “Bogdan Petriceicu Hasdeu” Economic and Engineering Studies. 2020, nr. 1(7), pp. 49-58. ISSN 2587-313X.
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The Scientific Journal of Cahul State University “Bogdan Petriceicu Hasdeu” Economic and Engineering Studies
Numărul 1(7) / 2020 / ISSN 2587-313X /ISSNe 2587-3121

Assymetry in the hired labour remuneration and productivity in Ukraine


CZU: 331.1(477)
JEL: J 31
Pag. 49-58

Pepa Taras1, Shvets Pavlo2
 
1 Chernihiv National Technological University, Ukraine,
2 Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
 
Disponibil în IBN: 2 septembrie 2020


Rezumat

The article examines existing problems in the present asymmetry as relates to the labour remuneration and labour productivity of hired workers in Ukraine. Considered are factors and reasons for the labour compensation asymmetry as well as aspects of a worker's contribution into product manufacturing within the economic system of the country. Methodological approaches are developed for the evaluation of maximum productivity of hired labour on the basis of the Cobb-Douglas production function as an instrument of correlation between product output and labour with capital. Conclusions are substantiated that further proceeding with low labour payment standards and vague correlation between remuneration and labour productivity will serve as a key de-motivation factor negatively influencing further development of economic and labour activity which will directly contribute to the increased migration processes in the country.

Cuvinte-cheie
labour remuneration, labour productivity, labour compensation, workforce, cost of labour, asymmetry