Regional Labor Markets: Unstable Equilibrium

Russian Economic Developments. Moscow, 2016, pp. 49-52

4 Pages Posted: 28 Jun 2016

See all articles by Victor Lyashok

Victor Lyashok

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Date Written: June 27, 2016

Abstract

In 2016, almost all the main labor market indicators, that is, wages and salaries, the level of the rate of unemployment and the share of part-time employment are close to the levels of 2015. The labor market virtually stands still in a state of shaky equilibrium. However, there are serious regional differences behind the dynamics of those indicators across the country. Though the rate of unemployment in Russia has increased somewhat in the past two years, in more than one-third of regions it fell; similar dynamics were observed in respect of the number of workers transferred to part-time employment. The analysis shows that regions applied various instruments to cut labor costs and that practice helped smooth the general nationwide dynamics of labor market indicators.

Keywords: Russian economy, labor market

JEL Classification: J21, J22, J23

Suggested Citation

Lyashok, Victor, Regional Labor Markets: Unstable Equilibrium (June 27, 2016). Russian Economic Developments. Moscow, 2016, pp. 49-52. Available at SSRN: https://ssrn.com/abstract=2801043 or http://dx.doi.org/10.2139/ssrn.2801043

Victor Lyashok (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia

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