Abstract
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.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.