Labour Market Analysis using Time Series Models: Russia 1999-2011
AbstractWe investigate the relationship between the main indicators of the labour market in Russia. We try to construct a model of the Russian labour market and identify key relationships. Our special attention is drawn to the impact of the crisis on the Russian labour market and influence of oil price on labor market indicators. We estimated two types of models. They are systems of simultaneous equations model (SEM) and VECM. We received that real wage in Russia are more flexible than employment. During the crisis period real wage was decreasing. SEM model shows that real wage positively depends on real oil price. While the number of employed and unemployment donâ€™t depend on real oil price.
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Bibliographic InfoPaper provided by Università di Perugia, Dipartimento Economia, Finanza e Statistica in its series Quaderni del Dipartimento di Economia, Finanza e Statistica with number 120/2013.
Length: 37 pages
Date of creation: 16 Sep 2013
Date of revision:
labour market; time series models; Russia;
Find related papers by JEL classification:
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-02 (All new papers)
- NEP-CIS-2013-11-02 (Confederation of Independent States)
- NEP-CWA-2013-11-02 (Central & Western Asia)
- NEP-LAB-2013-11-02 (Labour Economics)
- NEP-TRA-2013-11-02 (Transition Economics)
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