Determinants of wages in the modern labour market: a literature review

Zakhidov , Azizbek

Муҳандислик ва Иқтисодиёт · 2025-yil

Annotatsiya

This article presents a systematic review of theoretical and empirical literature on wage determination incontemporary labour markets, with a particular focus on CIS region and transitional economic contexts. The studyexamines how classical human capital models, labour market imperfections, technological change, and institutionalframeworks have been employed to explain wage formation and the persistence of wage inequality.The review synthesises existing research with particular attention to the roles of education, work experience, digitalisation,gender, regional disparities, and occupational legacies inherited from the Soviet period. It further examines how externaleconomic shocks—including global financial crises, geopolitical uncertainty, and the COVID-19 pandemic—have beenincorporated into empirical analyses of wage dynamics.Methodologically, the article adopts a structured literature review approach, comparing theoretical perspectives andempirical findings across multiple strands of labour economics research. Wage determination is conceptualised as anoutcome shaped not only by individual productivity characteristics but also by institutional design, firm-level wage-settingpractices, and broader structural conditions.The novelty of the article lies in consolidating fragmented strands of the literature into an integrated analytical frameworkthat highlights digital exclusion and institutional inertia as underexplored mechanisms of wage inequality in Russia.By systematising existing evidence, the review contributes to a deeper understanding of labour market dynamics intransitional economies and provides a conceptual foundation for future empirical research and policy-oriented analysis

Maqola ma’lumotlari
MualliflarZakhidov , Azizbek
JurnalМуҳандислик ва Иқтисодиёт
NashriyotПлеханов номидаги Россия иқтисодиёти университетининг Тошкент шаҳридаги филиали
ISSN3060-463X, 3060-463X
Nashr sanasi2025-12-01
Jild3
Son12
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

Wage determination; labour market; human capital; digitalization; institutional factors; wage inequality

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAZakhidov , Azizbek (2025). DETERMINANTS OF WAGES IN THE MODERN LABOUR MARKET: A LITERATURE REVIEW. Муҳандислик ва Иқтисодиёт, 3(12). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1711
GOST (OAK)Zakhidov , Azizbek DETERMINANTS OF WAGES IN THE MODERN LABOUR MARKET: A LITERATURE REVIEW // Муҳандислик ва Иқтисодиёт. – 2025. – T. 3, № 12.
MLAZakhidov , Azizbek. “DETERMINANTS OF WAGES IN THE MODERN LABOUR MARKET: A LITERATURE REVIEW.” Муҳандислик ва Иқтисодиёт, 3(12), 2025. https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1711
ChicagoZakhidov , Azizbek. “DETERMINANTS OF WAGES IN THE MODERN LABOUR MARKET: A LITERATURE REVIEW.” Муҳандислик ва Иқтисодиёт, 3(12) (2025). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1711
HarvardZakhidov , Azizbek (2025) ‘DETERMINANTS OF WAGES IN THE MODERN LABOUR MARKET: A LITERATURE REVIEW’, Муҳандислик ва Иқтисодиёт, 3(12). https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1711
BibTeX
@article{zakhidovazizbek2025,
  title = {DETERMINANTS OF WAGES IN THE MODERN LABOUR MARKET: A LITERATURE REVIEW},
  author = {Zakhidov , Azizbek},
  journal = {Муҳандислик ва Иқтисодиёт},
  year = {2025},
  volume = {3},
  number = {12},
  url = {https://muhandislik-iqtisodiyot.uz/index.php/journal/article/view/1711}
}

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