Russian labor market adapts to economic challenges by employing elderly population.
The article looks at how labor supply and demand in Russia are connected. It uses data from 2006 to 2018 to see how factors like migration, informal work, and older people working affect the job market. The study found that since 2014, there has been a stronger link between the number of jobs available and the number of people looking for work. This is because of policies to keep skilled workers, lower labor costs, and a lack of workers due to demographics and people leaving the country. Instead of firing workers, the Russian job market is changing how it operates to deal with economic challenges. The study shows that older people working are a big factor in keeping the job market stable.