Youth Unemployment In Russia: Scope and Issues

Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 7, pp. 10-13

4 Pages Posted: 24 Apr 2021

See all articles by Victor Lyashok

Victor Lyashok

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Social Analysis and Forecasting

Date Written: April 15, 2021

Abstract

Young people survived the crisis of 2020 relatively well. The high unemployment rate involving the 15-24 year olds in Russia (15.5% in 2019 compared to 4.6% of unemployment as a whole) is explained by the calculation specifics of this indicator. The average time required to find a job among young people in Russia is significantly lower compared to other age groups, and is close to the developed countries. About half of young unemployed people in Russia are looking for a job less than three months: this indicator is significantly lower compared to the population of other age groups. The share of “discouraged” unemployed (i.e. those who failed to find a job and left the labor market) is comparable to the most prosperous European countries.

Keywords: Russian economy, unemployment

JEL Classification: J6, J60, J62

Suggested Citation

Lyashok, Victor, Youth Unemployment In Russia: Scope and Issues (April 15, 2021). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 7, pp. 10-13, Available at SSRN: https://ssrn.com/abstract=3827096 or http://dx.doi.org/10.2139/ssrn.3827096

Victor Lyashok (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia

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