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The Russian labor market: A statistical portrait on the crises background

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  • R. I. Kapeliushnikov

Abstract

The paper examines long-term trends in the evolution of the Russian labor market, as well as its short-term adjustments to negative economic shocks. The analysis covers a wide array of indicators, both quantitative and price ones. The results obtained show that the Russian labor market is in a process of restructuring. Labor force and employment are on long-term downward trends, unemployment has fallen to a record low, after a long period of stagnation, labor turnover has sharply intensified, and vacancies have reached an all-time high. At the same time, its algorithm of responding to negative shocks remained virtually unchanged. As before, short-term adjustments are brought about mainly through decline in wages and contraction of working hours, rather than through decrease in employment and increase in unemployment (“the Russian labor market model”).

Suggested Citation

  • R. I. Kapeliushnikov, 2023. "The Russian labor market: A statistical portrait on the crises background," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    • Handle: RePEc:nos:voprec:y:2023:id:4488
    DOI: 10.32609/0042-8736-2023-8-5-37
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