IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2024i65p259-266.html
   My bibliography  Save this article

Labor shortage: Crisis or opportunity?

Author

Listed:
  • Denisova, I.

    (New Economic School (NES), Moscow, Russia
    Lomonosov Moscow State University, Moscow, Russia)

  • Kartseva, M.

    (Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

Abstract

The paper discusses the labor shortage and wage costs increase reported by the Russian enterprises. Is a personnel shortage and wage growth always a negative sign for the economy? The ongoing rise in the cost of labor can become a window of opportunity, pushing enterprises to improve technology and increase total factor productivity. The empirical analysis based on the late microdata from a survey of Russian enterprises shows that a signifi cant portion of enterprises are expanding under the current increase in the relative price of labor, which prompts for the existence of a window of opportunity.

Suggested Citation

  • Denisova, I. & Kartseva, M., 2024. "Labor shortage: Crisis or opportunity?," Journal of the New Economic Association, New Economic Association, vol. 65(4), pages 259-266.
    • Handle: RePEc:nea:journl:y:2024:i:65:p:259-266
    DOI: 10.31737/22212264_2024_4_259-266
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2024-65-259-266r.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.31737/22212264_2024_4_259-266?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    labor market; vacancies; labor shortage; Russia;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2024:i:65:p:259-266. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.