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Youth Unemployment in Russia: Scope and Issues
[Молодежная Безработица В России: Масштабы Проблемы]

Author

Listed:
  • Lyashok Victor

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Young people survived the crisis of 2020 relatively well. The high unemployment rate involving the 15–24 year olds in Russia (15.5% in 2019 compared to 4.6% of unemployment as a whole) is explained by the calculation specifics of this indicator. The average time required to find a job among young people in Russia is significantly lower compared to other age groups, and is close to the developed countries. About half of young unemployed people in Russia are looking for a job less than three months: this indicator is significantly lower compared to the population of other age groups. The share of “discouraged” unemployed (i.e. those who failed to find a job and left the labor market) is comparable to the most prosperous European countries. The article was prepared as part of the state research order of the RANEPA.

Suggested Citation

  • Lyashok Victor, 2021. "Youth Unemployment in Russia: Scope and Issues [Молодежная Безработица В России: Масштабы Проблемы]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 77-80, April.
    • Handle: RePEc:gai:recdev:r2147
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    More about this item

    Keywords

    unemployment; youth unemployment; pandemic;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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