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The Russian Labor Market: Paradoxes of Post-crisis Performance

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  • R. Kapeliushnikov
  • A. Oshchepkov

Abstract

In the end of 2012 the Russian economy entered a period of permanently declining growth rates. The paper provides a thorough analysis of the labor market performance under these new conditions. We explain why despite economic stagnation its basic characteristics - labor force participation, employment, unemployment, hirings and separations, vacancies - remained at very favorable levels. Our analysis also indicates that though with a certain lag the labor market has started to react to negative economic shocks. We conclude that now effects of long-run structural shifts intervene with effects of short-run economic fluctuations and this will seriously affect the dynamics of the Russian labor market in the medium- and long-term perspectives.

Suggested Citation

  • R. Kapeliushnikov & A. Oshchepkov, 2014. "The Russian Labor Market: Paradoxes of Post-crisis Performance," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2014:id:663
    DOI: 10.32609/0042-8736-2014-7-66-92
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