Non-wage benefits, costs turnover, and labor attachment : evidence from Russian firms

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Title: Non-wage benefits, costs turnover, and labor attachment : evidence from Russian firms
Author: Juurikkala, Tuuli ; Lazareva, Olga
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Discussion Papers
Series number: 4/2006
Year of publication: 2006
Publication date: 15.5.2006
Published in: Published in Economics of Transition, Volume 20, Issue 1, pages 113-136, January 2012 as "Non-wage benefits, costs of turnover and labour attachment. Evidence from Russian firms"
Pages: 22 s.
Keywords: Venäjä; yritykset; työvoima; henkilöstö; palvelut; Bofit-kokoelma; luontaisedut; edut; sitouttaminen;
JEL: J32; J33; J42; J63; M52; P31
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. Keywords: Non-wage benefits, labor turnover, labor attachment, Russia JEL codes: J32, J33, J42, J63, M52, P31
Note: Ilmestynyt myös CEFIR . Working paper 62/2006 sekä Economics of Transition 2012 ; 20 ; 1.
Rights: https://helda.helsinki.fi/bof/copyright


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