title: The effects of experience and cohort on earnings of Russian workers over 1998–2013
metadata.name: dc.contributor.author
metadata.value: Borisov, Gleb V.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-06-23T15:31:53Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-06-23T15:31:53Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2017-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Borisov G. V. The effects of experience and cohort on earnings of Russian workers over 1998–2013. St Petersburg University Journal of Economic Studies, 2017, vol. 33, issue 2, pp. 214–243.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/spbu05.2017.202
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/6487
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The investigation makes use of longitudinal data on the Russian labor market over 1998–2013 to explore the determinants of earnings. The Mincer’s equation includes experience or age, year of birth, period, among others factors. We use the index of real total wages calculated for each gender instead of period in the equation to separate the effects. The Heckman selection estimator is used in order to correct the selectivity bias. The results indicate that the on-the-job training and vocational retraining are effective ways of the accumulation of human capital. Investments in human capital provide a considerable growth of predicted earnings during the working life of people of both genders with secondary vocational or higher education. The transition to a market economy had resulted in the depreciation of a part of human capital accumulated in the Soviet economy. Workers failed to replace the skills devalued due to the transition with up-to-date ones during the post-transition period. As a result, predicted earnings of men and women born before 1970 are significantly lower than these of their younger colleagues, other things being equal.
  Refs 24. Figs 7. Tables 7.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The article was prepared as part of a research program conducted at the Growth Laboratory at the St Peters-burg State University, headed by prof. Christopher A. Pissarides, Nobel Prize Winner in Economics (2010).
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 33; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: human capital
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: the Mincer’s earnings equation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: the on-the-job training
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: the cohort effect
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The effects of experience and cohort on earnings of Russian workers over 1998–2013
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 02-Borisov.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/6487/1/02-Borisov.pdf
resources.format: Adobe PDF
resources.size: 1,34 MB