Remunerations for Employees: Theoretical-Economic and Econometric Analysis of Factors
The article presents the methodology and results of an econometric study of employee compensation. The objectives of the study are to identify the influence of factors and to confirm the cumulative and significant adverse effects of inflationary processes. The research objectives are theoretical and economic analysis and the choice of official statistical data for the information stage; calculation of multiple correlation coefficients; economic interpretation of the results of the study of the econometric model of employee compensation. The hypothesis of the study assumes the existence of a relationship between the level of nominal wages and the number of the poor, which indicates the adverse effect of inflation; outstripping growth of nominal wages in comparison with the level of real wages. Research methods are theoretical-economic and econometric. The findings are as follows: a noticeable relationship was revealed between nominal wages and the size of the population with monetary incomes below the subsistence level; found that there was no connection between nominal and real wages.