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Regular version of the site

Book chapter

Age and Education in the Russian Labour Market

P. 121-148.

This chapter deals with age and educational dimensions of the labour supply in Russia, and looks into two time periods covering 15 years in retrospect and the next 15 years in prospect. For our analysis we exploit the micro-census (2015) data and all labour force surveys (LFS) waves covering the retrospect. Using demographic projections we can forecast employment structure up to 2030. These two dimensions are directly associated with such challenges as aging and over-education of the labour force. If in the recent past age and education contributed to the economic growth, in the next 15 years their effect is likely to be less beneficial if not negative. This will pose a challenge to the prospective economic development through a number of channels. Russia is not unique here but seems to be more exposed than many others to both due to its demographic and educational developments.