The labor market in Russia, 2000–2017

Vladimir Gimpelson

IZA World of Labor, 2019, No 466, 466

Abstract: Being the largest economy in the Eurasian region, Russia's labor market affects economic performance and well-being in several former Soviet countries. Over the period 2000–2017, the Russian labor market survived several deep crises and underwent substantial structural changes. Major shocks were absorbed largely via wage adjustments, while aggregate employment and unemployment showed little sensitivity. Workers have paid the price for this rather stable employment situation in the form of volatile wages and a high risk of low pay.

Keywords: education; human capital; transition economics; unemployment; earnings dynamics (search for similar items in EconPapers)
JEL-codes: E24 P2 P3 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (4)

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