Labor shortage in the Russian economy: A macroeconomic estimate

The problem of future labor shortage under the demographic crisis in Russia is posed and considered. Its quantitative estimation for the all-Russia labor market is made, and the results are compared with regard to different scenarios of socioeconomic development. The scale of the future labor shorta...

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Bibliographic Details
Published in:Studies on Russian economic development 2006-07, Vol.17 (4), p.365-376
Main Authors: Korovkin, A. G., Dolgova, I. N., Korolev, I. B.
Format: Article
Language:English
Subjects:
Labor market
Labor shortages
Labor supply
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Summary:The problem of future labor shortage under the demographic crisis in Russia is posed and considered. Its quantitative estimation for the all-Russia labor market is made, and the results are compared with regard to different scenarios of socioeconomic development. The scale of the future labor shortage in aggregative regional (federal districts) and sectoral labor markets is estimated. Qualitative characteristics of the main aftereffects of the onset of labor shortage and ways of mitigating it are discussed.[PUBLICATION ABSTRACT]
ISSN:1075-7007
1531-8664
DOI:10.1134/S1075700706040022