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Sanctions and Russian Labor Market: The Effect is not Yet Evident
[Санкции И Российский Рынок Труда: Эффект Пока Неочевиден]

Author

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  • Victor Yu. Lyashok

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The unemployment rate continues to fall, reaching 3.9% by May. This trend generated by international sanctions in the context of the economic crisis, can be explained by two reasons. On the one hand, it is a poor initial effect of sanctions, which will nevertheless intensify in the future. On the other hand, sanctions primarily affect medium and large companies, which in times of crisis are much less inclined to lay off employees compared to small businesses.

Suggested Citation

  • Victor Yu. Lyashok, 2022. "Sanctions and Russian Labor Market: The Effect is not Yet Evident [Санкции И Российский Рынок Труда: Эффект Пока Неочевиден]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 50-55, August.
    • Handle: RePEc:gai:recdev:r2272
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    More about this item

    Keywords

    labor market; sanctions; unemployment rate; employment; recruitment/dismissals; wage;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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