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The paper provides a comprehensive assessment of quantitative and qualitative characteristics of human capital accumulated by the Russian economy. Using the cross-country perspective it investigates both educational attainment and quality of education of the Russian workforce. Labor market...
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Applying the lifetime income approach the paper provides estimates for Russia's stock of human capital. The results show that using an annual discount rate of 4 per cent and assuming annual labor productivity growth of 5,2 per cent, the market value of Russia's human capital stock in 2010 was...
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Being the largest economy in the Eurasian region, Russia’s labor market affects economic performance and well-being in several former Soviet countries. Over the period 2000–2017, the Russian labor market survived several deep crises and underwent substantial structural changes. Major shocks...
Persistent link: https://www.econbiz.de/10012064428
The study explores how wages grow with experience in the Russian Federation. In all available cross-sectional data, the trajectory of the observed wage-experience profile is flat, peaks early, and declines sharply afterwards. This shape looks puzzling since it differs starkly from that observed...
Persistent link: https://www.econbiz.de/10012873107