Adjustment Costs of Trade Liberalization : Estimations for the Russian Labor
The paper investigates adjustment costs of trade liberalization in Russia by estimating various labor market elasticities with respect to indicators of trade liberalization in the 90-ies. In particular, the influence of tariff reduction on demand f...
| Main Authors: | , , , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/981081486019498300/Adjustment-costs-of-trade-liberalization-estimations-for-the-Russian-labor http://hdl.handle.net/10986/26065 |
| Summary: | The paper investigates adjustment costs
of trade liberalization in Russia by estimating various
labor market elasticities with respect to indicators of
trade liberalization in the 90-ies. In particular, the
influence of tariff reduction on demand for labor is
estimated, inter-sectoral employment flows in recent years
and their determinants are studied, as well as determinants
of sectoral wage premiums and of wage differentials between
skilled and unskilled labor. The estimated elasticities of
labor demand and wages show to be of very moderate size
implying a modest adjustment cost in the labor market. |
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