Labor Supply in the Labor Market of the Northern Region of Resource Type: the Case of the Republic of Sakha (Yakutia)

Abstract

Studying the labor market of Yakutia is impossible without its two components: demand and supply for labor. The study of the dynamics of labor supply is based on a generalization of materials from the population census 2010 Russian Census and 2020 Russian Census, as well as official statistics. The analysis is based primarily on the quantification of labor supply. The results of the study showed insufficient attention to the study of the labor market of the Republic of Sakha (Yakutia) at the municipal level. Calculations of the level of labor force participation as an indicator characterizing labor supply revealed a significant decrease during the period between the last two censuses in the Republic of Sakha (Yakutia) at the municipal level. The factors that have the greatest impact on this situation were selected, which also require a more detailed study. Among the factors we can note decreased production volumes, the impact of the COVID-19 pandemic, an aging population, and the increasing influence of intraregional migration. Indirectly, the decrease in the labor force participation rate confirms the fall in median per capita income and modal average per capita income for 2015-2021 in comparable prices by 2010, which more accurately demonstrate the low standard of living of the majority of the region’s population, in contrast to average per capita cash income. At the same time, the reduction in the labor force imbalance was undoubtedly influenced by the decrease in the unemployment rate. In the future, it is necessary to focus on a more detailed description of the labor reserve, as well as on the formation of high-quality labor costs at the municipal level. In addition, the study of imbalances in the labor market is impossible without the demand for the labor force, its other component.