The article presents an assessment of the consequences of raising the retirement age in Russia for the labor market. Within the framework of this study, the following hypothesis is put forward: increasing the retirement age will lead to an increase in the supply of labor, which will help to reduce the cost of labor. The article presents an analysis of the current situation in the labor market. The official data of the Federal State Statistics Service were used as a basis for the study. Since the increase in the age of retirement would require the availability of vacant jobs to an amount not less than the number of persons retained in the labor market, in this study we solved two tasks. As part of the first task, the change in the average wage was calculated, provided that the number of jobs will meet the increased need, i.e. unemployment will remain at the same level. The results of the assessment of the changes in the average wage by groups of occupations are presented. In the second task, to assess the potential effect of raising the retirement age, the number of jobs was considered as permanent. Estimation of the effect of increasing the retirement age in case of the fixed number of jobs was carried out by constructing a regression relationship between wages and unemployment, the differences in age groups were taken into account by introducing the model of fictitious variables of shift and tilt. According to the calculations obtained for the first and second task, if the retirement age is increased by one year for both sexes, wages will decrease. The results of the study showed that the decision to raise the retirement age should be accompanied by a number of serious additional measures, primarily in the field of employment.
|Título traducido de la contribución||THE IMPACT OF INCREASING THE PENSION AGE FOR LABOUR MARKET REGIONS OF RUSSIA|
|Publicación||Вестник УрФУ. Серия: Экономика и управление|
|Estado||Published - 2018|
- 06.00.00 ECONOMY AND ECONOMIC SCIENCES
Level of Research Output
- VAK List