THE INFLUENCE OF THE FACTORS OF PRODUCTION ON LABOR INCOME IN THE PRE-CRISIS ECONOMY OF RUSSIA
Abstract and keywords
Abstract (English):
This paper evaluates the correlations between wages and household income in the regions of Russia with indicators characterizing capital, human capital and new technologies in the regional economy according to Rosstat data for 2022 and partially for 2023, and constructs econometric models of the most important connections. The level of wages and incomes of the population of the regions can be positively influenced by the capital-labor ratio, the level of education of employed workers and new fixed assets. The capital-labor ratio is the most important factor in the level of wages and income in the regions. The use of labor by workers who have higher education and workers who have secondary vocational education in specialist training programs has a positive impact on the level of wages and incomes of the population of the regions. The use of labor of workers with secondary vocational education under training programs for workers, with secondary general education, basic general education and without education negatively affects the level of wages and income of the population. An increase in population income entails an increase in the level of inequality in income distribution.

Keywords:
average salary, median salary, income, capital-labor ratio, human capital, level of education, new technologies
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