|Number of pages / Number of words:||11 / 3075|
In 1993, the coverage and scope changed: wage controls limited an enterprise's wage bill growth to equal that of the product of the firm's total number of employees at the beginning of the year and the economywide average wage. The effects of wage controls were not clear because fines were not imposed until the enterprise exceeded the wage bill growth norm by 5 percent...
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The effects of wage controls were not clear because fines were not imposed until the enterprise exceeded the wage bill growth norm by 5 percent. Because policy changed often and enforcement was weak, it is unlikely that wage controls had a significant effect on wage growth or wage dispersion.
In 1991, a single minimum wage was established for the two republics...
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