{"title":"俄罗斯劳动力市场:其适应当前危机的特殊性","authors":"V. Lyashok","doi":"10.2139/SSRN.2757606","DOIUrl":null,"url":null,"abstract":"As in all of Russia’s earlier economic crises, wage flexibility has become the main mechanism of the labor market’s adaptation to the current crisis. As a result of the high rate of inflation observed in late 2014 – early 2015, real wages dropped by 9.5%, although nominal wages remained unchanged. The considerable reduction in labor costs made it possible for employers to abstain from cutting jobs, due to which the rise in the unemployment rate was utterly insignificant.1","PeriodicalId":125977,"journal":{"name":"ERN: Other Macroeconomics: Employment","volume":"43 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Russia's Labor Market: The Specificities of its Adaptation to the Current Crisis\",\"authors\":\"V. Lyashok\",\"doi\":\"10.2139/SSRN.2757606\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"As in all of Russia’s earlier economic crises, wage flexibility has become the main mechanism of the labor market’s adaptation to the current crisis. As a result of the high rate of inflation observed in late 2014 – early 2015, real wages dropped by 9.5%, although nominal wages remained unchanged. The considerable reduction in labor costs made it possible for employers to abstain from cutting jobs, due to which the rise in the unemployment rate was utterly insignificant.1\",\"PeriodicalId\":125977,\"journal\":{\"name\":\"ERN: Other Macroeconomics: Employment\",\"volume\":\"43 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2016-04-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"ERN: Other Macroeconomics: Employment\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/SSRN.2757606\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Other Macroeconomics: Employment","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2757606","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Russia's Labor Market: The Specificities of its Adaptation to the Current Crisis
As in all of Russia’s earlier economic crises, wage flexibility has become the main mechanism of the labor market’s adaptation to the current crisis. As a result of the high rate of inflation observed in late 2014 – early 2015, real wages dropped by 9.5%, although nominal wages remained unchanged. The considerable reduction in labor costs made it possible for employers to abstain from cutting jobs, due to which the rise in the unemployment rate was utterly insignificant.1
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