The elasticity of labor supply in Russia

Alexander Larin (), Andrey Maksimov () and Daria Chernova ()
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Alexander Larin: Higher School of Economics (Nizhnii Novgorod) Russia
Andrey Maksimov: Higher School of Economics (Nizhnii Novgorod) Russia
Daria Chernova: Higher School of Economics (Nizhnii Novgorod) Russia

Applied Econometrics, 2016, vol. 41, 47-61

Abstract: The paper estimates the wage elasticity of labor supply in Russia. As a measure of labor supply elasticity, the percent change of the probability of having a job in response to wage change is used. The paper shows that an estimate of the elasticity can be obtained from the two-step Heckman’s procedure. Empirical analysis is based on the RLMS–HSE data for the period from 1994 to 2014. The main conclusion is that the estimate of labor supply elasticity in Russia is significantly higher than zero and lower than one.

Keywords: labor supply elasticity; RLMS–HSE (search for similar items in EconPapers)
JEL-codes: C24 J21 J22 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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