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Regional Labor Markets: Unstable Equilibrium

Author

Listed:
  • Lyashok Viktor

    (Gaidar Institute for Economic Policy)

Abstract

In 2016, almost all the main labor market indicators, that is, wages and salaries, the level of the rate of unemployment and the share of part-time employment are close to the levels of 2015. The labor market virtually stands still in a state of shaky equilibrium. However, there are serious regional differences behind the dynamics of those indicators across the country. Though the rate of unemployment in Russia has increased somewhat in the past two years, in more than one-third of regions it fell; similar dynamics were observed in respect of the number of workers transferred to part- time employment. The analysis shows that regions applied various instruments to cut labor costs and that practice helped smooth the general nationwide dynamics of labor market indicators.

Suggested Citation

  • Lyashok Viktor, 2016. "Regional Labor Markets: Unstable Equilibrium," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 49-52, June.
    • Handle: RePEc:gai:recdev:recdev-2016-6-660
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    File Function: Revised version, 2016
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    More about this item

    Keywords

    Regional politic; Labor market; Russian Economy;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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