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Paradoxes of reservation wage setting in the Russian labor market. Part II
https://doi.org/10.32609/0042-8736-2016-9-94-110
Abstract
Using panel data from the Russian Longitudinal Monitoring Survey for 2006-2014, the paper investigates reservation wages setting in the Russian labor market. The second part of the paper provides an econometric analysis of main determinants of reservation wages. It shows that personal characteristics, household income, unemployment duration and characteristics of local labor markets are important factors that affect reservation wage setting. The findings also indicate that non-employed individuals with higher reservation wages have higher probability of re-employment and receive higher wages on their new jobs. A general conclusion is that Russian workers set reservation wages in economically rational way taking into account their real prospects in the labor market.
About the Authors
R. Kapeliushnikov
Institute of World Economy and International Relations, Russian Academy of Sciences; Centre for Labour Market Studies, National Research University Higher School of Economics
Russian Federation
Russian Federation
A. Lukyanova
Centre for Labour Market Studies, National Research University Higher School of Economics
Russian Federation
Russian Federation
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Review
For citations:
Kapeliushnikov R., Lukyanova A. Paradoxes of reservation wage setting in the Russian labor market. Part II. Voprosy Ekonomiki. 2016;(9):94-110. (In Russ.) https://doi.org/10.32609/0042-8736-2016-9-94-110
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