SHS Web Conf.
Volume 71, 2019Eurasia: Sustainable Development, Security, Cooperation – 2019
|Number of page(s)||5|
|Section||Modernization of the Economy of Regions and Cities|
|Published online||25 November 2019|
Management of Wage-To-Labor Productivity Correlation as a Factor of Samara Region Economic Development
Samara State University of Economics, Samara, Russia
* Corresponding author: firstname.lastname@example.org.
The paper considers the problems in management of the wage-to-labor productivity correlation as the most important element in the strategic development of Samara region economy. The rational correlation between labor productivity and wages growth affects production cost reduction, and increases profitability and production efficiency. This explains the relevance of the study on the wage-to-labor productivity correlation in the digital economy. The authors present the results of the research on the dynamics of labor productivity and wages in Samara region in 2010 – 2017. They calculated the correlation figures of average wages growth in Samara region economy, described the model and developed the mechanism to manage the wage-to-labor productivity correlation.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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