Russian Labour Market - Institutional Development and Economic Perspectives

The paper illuminates major changes which have taken place on Russian labor
market during the period of reforms. The author puts an accent on such characteristics
of labour market as institutions, employment, wages and compensation.
The trends revealed by the researcher testify a cut in employment and an
increase in its regional disparities during the reforms. Adapting labour market
to structural changes took place because of an enlargement of non-traditional
employment, a reduction of the share of wages and compensation in an aggregate
income structure, and a growth of wages and compensation differentiation
among industries, regions, and specific enterprises. Even though recent reformrelated
institutional transformation has come to liberating labour relations, it
has not essentially influenced the activity of a majority of Russian enterprises,
yet.