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Working paper

Трудовая мобильность и стабильность: насколько высока отдача от специфического человеческого капитала в России?

Мальцева И. О.
The paper is devoted to the role of specific human capital in Russian economy. Using data from the Russian Longitudinal Monitoring Survey we analyze job tenure in Russia in 1990s and 2000s, estimate the return to specific human capital and labor mobility in terms of wage growth. Our findings show that patterns of growing magnitude of labor mobility are even more actual nowadays compared to transitional 1990s. It provides evidences of extremely low value of specific human capital which is accumulated during the long-term employment relationships with the same employer. Moreover, we have found that Russian workers have paid some “penalty” for specifity of their human capital. Current decline of demand on specific human capital can be explained as a result of economy globalization, Russia’s integration into the world economy processes and changes in business structure of modern firm and enterprises.