Poster Number
123
Session Title
Wages and Economics
College
College of Business Administration
Department
Accounting, Finance & Economics
Faculty Mentor
Louis Pantuosco, Ph.D.
Abstract
Efficiency is loosely measured by accounting for the levels of productivity and costs involved for labor. This paper seeks to lay out the efficiency of the labor market during the height of the U.S.S.R.’s command system economy. Various literature on the subject argues that, contrary to common knowledge, the Soviet Union had an efficient economy. To effectively measure efficiency, this paper first examines the characteristics of the Soviet labor market from 1922 – 1991 and highlights important topics of productivity, employment, and supply and demand distinctions. A special focus is placed on the widespread shortages that gravely affected Russians throughout the years. The focus then shifts to an analysis of the lives of laborers, noting how their work days transpired and the level of discipline that the labor market conditioned them for. Finally, this paper compares the labor market trends of the U.S.S.R. with the trends of modern day Russia. Here, I examine the key changes in the labor market that have allowed for productivity to improve within the last three decades.
Course Assignment
ECON 345 – Pantuosco
Start Date
24-4-2020 12:00 AM
Included in
Measuring Efficiency in The Soviet Union Labor Market
Efficiency is loosely measured by accounting for the levels of productivity and costs involved for labor. This paper seeks to lay out the efficiency of the labor market during the height of the U.S.S.R.’s command system economy. Various literature on the subject argues that, contrary to common knowledge, the Soviet Union had an efficient economy. To effectively measure efficiency, this paper first examines the characteristics of the Soviet labor market from 1922 – 1991 and highlights important topics of productivity, employment, and supply and demand distinctions. A special focus is placed on the widespread shortages that gravely affected Russians throughout the years. The focus then shifts to an analysis of the lives of laborers, noting how their work days transpired and the level of discipline that the labor market conditioned them for. Finally, this paper compares the labor market trends of the U.S.S.R. with the trends of modern day Russia. Here, I examine the key changes in the labor market that have allowed for productivity to improve within the last three decades.
