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The impact of labor market trends on consumer and savings behavior of the population

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  • M. Yu. Akimov

Abstract

In the article, the author makes the assumption that the state and trends in the modern labor market affect the consumer and savings behavior of the population. As indicators that allow us to identify patterns of formation of consumer and savings behavior of the population, such indicators as employment, unemployment, labor productivity, labor price, average unemployment period, the participation rate of women, men, youth, pensioners, migrants in the workforce, education level, place of residence (city, countryside) can be used, region of the country), consumer spending and savings.The article identifies the main current trends in the Russian labor market that shape the labor behavior of the population and determine the personnel policy of employers. It is in the labor market that the equilibrium price of labor is formed, which is the main component of the current consumption of Russian households.The author also considers the main factors determining the ratio of propensity to consume and save.

Suggested Citation

  • M. Yu. Akimov, 2023. "The impact of labor market trends on consumer and savings behavior of the population," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, vol. 16(3).
    • Handle: RePEc:ahc:journl:y:2023:id:1745
    DOI: 10.24182/2073-9885-2023-16-3-20-25
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