Russian real wages before and after 1917

Robert (Bob) Allen, Ekaterina Khaustova

Research output: Contribution to journalArticle

Abstract

The paper measures real wages in St Petersburg, Moscow, and Kursk over 1853-1937. Workers in construction and large scale industry are studied. For the imperial period and the NEP, new series of prices are collected from archival and printed sources, and these radically revise previous measures of inflation. Russian living standards grew little between 1853 and 1913, but doubled between 1913 and 1928 due to the exchange rate, price, and employment policies followed by the regime. Real wages dropped to their pre-War level between 1928 and 1937, as the social surplus was mobilized for the industrialization drive.

Original languageEnglish (US)
JournalExplorations in Economic History
DOIs
StateAccepted/In press - Jan 1 2018

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Real wages
Real Wages
Moscow
Industry
Industrialization
Price policy
Employment policy
Standard of living
Surplus
Exchange rate policy
Inflation
Workers
Standard of Living
Exchange Rates

ASJC Scopus subject areas

  • History
  • Economics and Econometrics

Cite this

Russian real wages before and after 1917. / Allen, Robert (Bob); Khaustova, Ekaterina.

In: Explorations in Economic History, 01.01.2018.

Research output: Contribution to journalArticle

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