Purchasing Power of Employees as an Indicator of the Standard of living and Economic (In)Stability of Their Households

The object of the research is the living standard of population. The purpose of the article is to identify approaches to improve the purchasing power of employees as a key indicator of the living standard of the population and the quality of employment. The objectives include: (1) analysing the level and dynamics of purchasing power of employees based on wages (average and defined by the living standards); (2) determining the extent of employment that does not ensure the economic stability of households, as well as the average and higher living standard; (3) elaborating recommendations for improving the efficiency of state and internal corporate policies to increase employees’ purchasing power based on wages. Scientific novelty lies in a comprehensive analysis of the employees’ purchasing power as a systemic indicator of the quality of employment, in view of their differentiation by qualification groups and the presence of dependent burden. In addition, the authors provide solution to the problem of assessing the standard of living of households using the purchasing power indicator of the population. 

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