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Russian human capital in times of sanctions and counter-sanctions: Some redistributive implications

Author

Listed:
  • Gimpelson, V.

    (CLMS NRU HSE, Moscow, Russia
    Institute of Sociology of the Federal Centre of Theoretical and Applied Socilology of the Russian Academy of Sciences, Moscow, Russia)

Abstract

The paper argues that the combination of sanctions, counter-sanctions and total importsubstitution taken together creates a strong shock on the human capital, and affects its utilization and reallocation. This effect can go along two major lines. First, one can expect underutilization of previously accumulated knowledge and skills due to the technologically regressive import-substitution. Second, those players who have previously lost in the global competition may take over the key role in formation and adjustment of the human capital to the changing demand. This shift in power and resources is likely to make the regress endogenous. These processes concern technological developments as well as R&D and higher education. As a result, one may expect that a signifi cant part of the human capital that was created for utilization in more open and competitive environment can be lost.

Suggested Citation

  • Gimpelson, V., 2022. "Russian human capital in times of sanctions and counter-sanctions: Some redistributive implications," Journal of the New Economic Association, New Economic Association, vol. 55(3), pages 234-238.
    • Handle: RePEc:nea:journl:y:2022:i:55:p:234-238
    DOI: 10.31737/2221-2264-2022-55-3-16
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    References listed on IDEAS

    as
    1. Sabirianova, Klara Z., 2002. "The Great Human Capital Reallocation: A Study of Occupational Mobility in Transitional Russia," Journal of Comparative Economics, Elsevier, vol. 30(1), pages 191-217, March.
    2. Chernina, Eugenia & Gimpelson, Vladimir, 2022. "Do Wages Grow with Experience? Deciphering the Russian Puzzle," IZA Discussion Papers 15068, Institute of Labor Economics (IZA).
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    More about this item

    Keywords

    human capital; sanctions; counter-sanctions; redistributive implications;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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