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Working paper

Образовательный потенциал и его связь с характеристиками рынка труда: российский опыт

The paper examines relationship between human capital and the labor market outcomes in Russia. Main findings are that high educational attainment considerably strengthen workers’ competitive positions. More educated groups have much higher labor force participation rates, employment rates and earnings but lower unemployment rates. In Russia «premium» in earnings of college graduates over earnings of high school graduates approaches to 60—70 percent e.g. is of same order as in mature market economies. This implies that «good» formal education is valued in the Russian labor marker no less that in the labor markets of most other countries. However decreasing returns to skills for younger cohorts of Russian workers suggest that competitive advantages provided by high educational attainment might not be sustainable.