Labour Market Analysis using Time Series Models: Russia 1999-2011

Elena Vakulenko

No 120/2013, Quaderni del Dipartimento di Economia, Finanza e Statistica from Università di Perugia, Dipartimento Economia

Abstract: We investigate the relationship between the main indicators of the labour market in Russia. We try to construct a model of the Russian labour market and identify key relationships. Our special attention is drawn to the impact of the crisis on the Russian labour market and influence of oil price on labor market indicators. We estimated two types of models. They are systems of simultaneous equations model (SEM) and VECM. We received that real wage in Russia are more flexible than employment. During the crisis period real wage was decreasing. SEM model shows that real wage positively depends on real oil price. While the number of employed and unemployment don’t depend on real oil price.

Keywords: labour market; time series models; Russia (search for similar items in EconPapers)
JEL-codes: J20 J40 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2013-09-16
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-lab and nep-tra
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