Institutional Regulatory Mechanisms of Russian Labor Market in Economic Integration Conditions

The modern development of the Russian labor market is influenced by most of the geopolitical processes associated with the states integration into the economic union.The purpose is to create a general market, including the labor market that requires a thoughtful mechanism for institutional regulation of the Russian labor market based upon data on the shortage or excess of labor force.The research is based on the analysis and modeling methods as well as on the method of statistical information generalization.This article analyses Russian real as well as potential labor market capacity in the Eurasian economic integration conditions and deals with a methodology for calculating the indexes that has been developed by the authors.Labor market capacity is based on the supply and demand of the labor market.The national labor market capacity has two levels: potential and real.The real one is an aggregate number of employees which during the year are provided or will be provided by the current demand for labor at a certain level of wage.The potential capacity is the maximum possible level of demand for labor that reflects the needs of employers in the workforce based on its maximum possible consumption.The methodology for the calculating potential and real labor market capacity has been developed by the authors.Its result is the identified labor shortage in the country that allows one to form an idea about the institutional regulation of the Russian labor market in the Eurasian economic integration conditions.This idea is aimed at a three-level organization of social-labor relations (the international, supranational and national organizations). Key words -labor market

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