WAGE INEQUALITY IN THE CONTEXT OF THE MODERN THEORY OF RENT

UDC 331.2

  • Dolinina Tatyana Nikolaevna – DSc (Economics), Аssociate Professor, Professor, the Department of Enterprise Economy and Management. Belarusian State Technological University (13а, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: tdolinina@mail.ru

DOI: https://doi.org/10.52065/2520-6877-2021-250-2-50-57

Key words: wages, remuneration, inequality, social and labor rent, absolute rent, differential rent, monopoly rent.

For citation: Dolinina T. N. Wage inequality in the context of the modern theory of rent. Proceedings of BSTU, issue 5, Economics and Management, 2021, no. 2 (250), pp. 50–57 (In Russian). DOI: https://doi.org/10.52065/2520-6877-2021-250-2-50-57.

Abstract

The author’s theoretical concept of social and labor rent is proposed in the article. According to this concept, wages are the rental income of an employee formed as a result of the application of his abilities to work in a specific economic system. In this regard, the composition of wages may include absolute, differential and mono-total social and labor rent, and in a formalized form, wages can be represented as a function that has three arguments: the minimum means of subsistence of the employe, the level of competitiveness of the employee, the level of competitiveness of the economic system. The concept of social and labor rent made it possible to study the structure of average wages and explain the origin of the disproportions in the payment of simple and complex, reproducible and unique labor in the national economy of Belarus and, on this basis, to establish the necessary development of domestic wage management institutions.

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13.09.2021