The System of Low Wages as the Institutional Trap of Postsocialistic Economy

Abstract

The article is devoted to one of the key institutional traps of the economy in transition. Namely to dominated since the Soviet period system of low wages linked inseparably with the configuration of the social sphere. The author considers the construction as before puts obstacles in the way of modernization, keeping up non-effective balance of the system that prevents form qualitative growth of labour productivity.institutional trap, wage, social sphere, social policy, productivity of labour, power-property, paternalism