Kapelyushnikov Rostislav
The Russian Labor Market: Paradoxes of Post-crisis Performance
The Russian Labor Market: Paradoxes of Post-crisis Performance
Publication Type:
In the end of 2012 the Russian economy entered a period of permanently declining growth rates. The paper provides a thorough analysis of the labor market performance under these new conditions. We explain why despite economic stagnation its basic characteristics — labor force participation, employment, unemployment, hirings and separations, vacancies — remained at very favorable levels. Our analysis also indicates that though with a certain lag the labor market has started to react to negative economic shocks. We conclude that now effects of long-run structural shifts intervene with effects of short-run economic fluctuations and this will seriously affect the dynamics of the Russian labor market in the medium- and long-term perspectives.
Keywords: labor market | structural change | labor force participation | employment | unemployment | Russia |
Russian Science Citation Index
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