title: Employment adjustment in Russia: Extensive vs itensive margins in 1995–2016
metadata.name: dc.contributor.author
metadata.value: Veredyuk, Olesya V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-02-04T12:05:08Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-02-04T12:05:08Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2018-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Veredyuk O. V. Employment adjustment in Russia: Extensive vs itensive margins in 1995–2016. St Petersburg University Journal of Economic Studies, 2018, vol. 34, issue 4, pp. 553–567.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/spbu05.2018.404
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15367
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: In this paper I study the adjustment of employment in Russia since its transformation to a market economy. Employment is considered in terms of total hours of work in the economy. This allows to decompose the adjustment into two components: extensive margin (the number of people employed) and intensive margin (the number of hours per employed worker). The task is to estimate the contribution of both margins of employment adjustment. The Rosstat and the OECD aggregate annual data of 1995–2016 are used. The results of the decomposition show that fluctuations on extensive margin are a lot more important for cyclical fluctuations in the total hours of work. A slight decrease of extensive margin in 2010–2016 is mainly attributed to the decline in volatility of the number of people employed which took place during a protracted period of slowing economic growth. Since the early 2000s, the labour market is more responsive to negative shocks rather than positive ones. To see peculiarities of employment adjustment in Russia I perform comparative analysis with the relevant statistics for Germany and the US. Number of employees seems to be the most relevant proxy of the behavior of labour inputs in the Russian economy. The results obtained are new to research area of the Russian labour market.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The study was carried out with the financial support of the Russian Foundation for Basic Research, the project “Structural changes in Russia: the role of human capital and investments” № 18-010-01185.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 34; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: employment
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: labour market
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: adjustment
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: intensive margin
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: extensive margin
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: hours worked
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Employment adjustment in Russia: Extensive vs itensive margins in 1995–2016
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 04-Veredyuk.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15367/1/04-Veredyuk.pdf
resources.format: Adobe PDF
resources.size: 810,59 kB