Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most?
The paper analyzes short-term factors of job loss, wage reduction and factors of household income reduction in Russia in the context of the coronavirus crisis. Panel data of the Russian Longitudinal Monitoring Survey - Higher School of Economics (RLMS-HSE) served as empirical basis of the study....
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Moscow State University, Faculty of Economics
2022-12-01
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| Series: | Население и экономика |
| Online Access: | https://populationandeconomics.pensoft.net/article/90410/download/pdf/ |
| _version_ | 1811179296200327168 |
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| author | Marina A. Kartseva Polina O. Kuznetsova |
| author_facet | Marina A. Kartseva Polina O. Kuznetsova |
| author_sort | Marina A. Kartseva |
| collection | DOAJ |
| description | The paper analyzes short-term factors of job loss, wage reduction and factors of household income reduction in Russia in the context of the coronavirus crisis. Panel data of the Russian Longitudinal Monitoring Survey - Higher School of Economics (RLMS-HSE) served as empirical basis of the study. According to the study results, the highest risks of job loss are registered among females, young employees, unskilled workers, workers without professional education, and workers with low wages. However, almost the only factor of wage reduction (in case of retained employment) is employment in the most affected industries. Household income prior to the pandemic is the key determinant of household income reduction – the higher the level of material wellbeing, the higher the risk of income reduction. Increased probability of income reduction is also reported for families with children. The study has confirmed the hypothesis about negative impact of vulnerable employment on employment and wages of individuals, as well as household income. |
| first_indexed | 2024-04-11T06:33:31Z |
| format | Article |
| id | doaj.art-24d21d186137492797f3f9e397634c31 |
| institution | Directory Open Access Journal |
| issn | 2658-3798 |
| language | English |
| last_indexed | 2024-04-11T06:33:31Z |
| publishDate | 2022-12-01 |
| publisher | Moscow State University, Faculty of Economics |
| record_format | Article |
| series | Население и экономика |
| spelling | doaj.art-24d21d186137492797f3f9e397634c312022-12-22T04:39:55ZengMoscow State University, Faculty of EconomicsНаселение и экономика2658-37982022-12-0164214210.3897/popecon.6.e9041090410Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most?Marina A. Kartseva0Polina O. Kuznetsova1Russian Presidential Academy of National Economy and Public AdministrationRussian Presidential Academy of National Economy and Public AdministrationThe paper analyzes short-term factors of job loss, wage reduction and factors of household income reduction in Russia in the context of the coronavirus crisis. Panel data of the Russian Longitudinal Monitoring Survey - Higher School of Economics (RLMS-HSE) served as empirical basis of the study. According to the study results, the highest risks of job loss are registered among females, young employees, unskilled workers, workers without professional education, and workers with low wages. However, almost the only factor of wage reduction (in case of retained employment) is employment in the most affected industries. Household income prior to the pandemic is the key determinant of household income reduction – the higher the level of material wellbeing, the higher the risk of income reduction. Increased probability of income reduction is also reported for families with children. The study has confirmed the hypothesis about negative impact of vulnerable employment on employment and wages of individuals, as well as household income.https://populationandeconomics.pensoft.net/article/90410/download/pdf/ |
| spellingShingle | Marina A. Kartseva Polina O. Kuznetsova Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most? Население и экономика |
| title | Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most? |
| title_full | Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most? |
| title_fullStr | Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most? |
| title_full_unstemmed | Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most? |
| title_short | Short-term effects of the COVID-19 pandemic on employment and income of the Russian population: which groups were affected the most? |
| title_sort | short term effects of the covid 19 pandemic on employment and income of the russian population which groups were affected the most |
| url | https://populationandeconomics.pensoft.net/article/90410/download/pdf/ |
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