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Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most?

Author

Listed:
  • Marina A. Kartseva

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

  • Polina O. Kuznetsova

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

Abstract

The paper analyzes short-term factors of job loss, wage reduction and factors of household income reduction in Russia in the context of the coronavirus crisis. Panel data of the Russian Longitudinal Monitoring Survey - Higher School of Economics (RLMS-HSE) served as empirical basis of the study. According to the study results, the highest risks of job loss are registered among females, young employees, unskilled workers, workers without professional education, and workers with low wages. However, almost the only factor of wage reduction (in case of retained employment) is employment in the most affected industries. Household income prior to the pandemic is the key determinant of household income reduction – the higher the level of material wellbeing, the higher the risk of income reduction. Increased probability of income reduction is also reported for families with children. The study has confirmed the hypothesis about negative impact of vulnerable employment on employment and wages of individuals, as well as household income.

Suggested Citation

  • Marina A. Kartseva & Polina O. Kuznetsova, 2022. "Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most?," Population and Economics, ARPHA Platform, vol. 6(4), pages 21-42, December.
    • Handle: RePEc:arh:jpopec:v:6:y:2022:i:4:p:21-42
    DOI: 10.3897/popecon.6.e90410
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    More about this item

    Keywords

    COVID-19 coronavirus vulnerable employment wages household income RLMS-HSE;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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