is the minimum share of Russian workers who have ‘excessive’ education for their jobs.
In cases where there are more skilled workers on the labour market than jobs that are appropriate for their knowledge and skills, some people may be displaced into fields requiring lower qualifications. These individuals lose in terms of compensation. The ‘penalty’ for ‘over education’ varies from 8% in Portugal to 27% in the UK. In Russia, it is 17-22%.
These data are presented in an article by Sergey Roshchin, Head of the Department of Labour and Population Economics and Vice Rector at HSE, and Viktor Rudakov, an analyst at the HSE Laboratory for Labour Market Studies. More on the results of their study can be found on the OPEC.ru website.
Students of engineering and economics, undergraduates of state universities, high performers, young people from wealthier families, and those working part-time while at university tend to expect higher salaries upon graduation.
Russia has a problem with the under-utilisation of education. Almost 30% of employees with university degrees report no connection whatsoever between their training and current occupation, according to Elena Varshavskaya's paper 'Where and in what jobs highly educated Russians work.'
The internet has changed how people approach job hunting and recruitment. Employment websites and social networks are now competing with personal connections as the key channel for offering and finding jobs and have replaced most other channels, according to Sergey Roshchin, Sergei Solntsev and student at the HSE ICEF Dmitry Vasilyev's paper 'The Evolution of Job Hunting and Recruitment in the Internet Age'.
Younger and older employees are not competitors on the labour market. The possible increase in the retirement age and, accordingly, increased employment among the elderly won’t add to youth unemployment and won’t limit the opportunities for young people’s employment. These are the findings made by Sergey Roshchin and Victor Lyashok in their study ‘Younger and older employees on the Russian labour market: substitutes or not?’
Will robots eventually make people jobless? That ‘s an issue that has recently been under a lot of discussions with some publications predicting that around 40% of jobs will disappear in the nearest decade due to the advent of technology. But is the future indeed so gloomy? Sir Christoper Pissarides, 2010 Nobel Prize winner, Regius Professor of Economics at LSE, disagrees. In his honorary lecture at HSE ICEF Prof Pissarides discussed various issues concerning the future of work and employment in the age of robots.
School reputation and graduating with honours are not as important for future employers as graduates' personal qualities and work experience, according to Natalia Bondarenko and Tatiana Lysova's study "Job Search Models, Recruitment Criteria, and Competence and Skill Assessment of Vocational Education Graduates: Employer Perspective." In 2015, they analysed the findings from a survey of 1,019 CEOs of Russian companies in six industries (manufacturing, communications, construction, transport, trade and services) as part of the Monitoring of Educational Markets and Organisations (MEMO) project conducted by the HSE jointly with the Levada Centre.
The level of education, the size of the settlement, and the social status can all seriously affect the chance of feeling poor in Russia. These are the findings by experts of the HSE Institute for Social Policy, revealed as part of their regular Monitoring of the Social and Economic Situation and Well-being of the Population.
More than one in three Russian CEOs hold more than one academic degree, making them stand out dramatically compared to the general public. By going back to school and pursuing lifelong learning, senior executives expect to increase their knowledge, human capital and income, according to Sergey Solntsev, Senior Research Fellow at the HSE Laboratory for Labour Market Studies.
The labour market in Russia differs from that in other countries. The Russian labour market does not react to decline and crisis with growing unemployment, and the market recuperates quickly. The reason for this is that employers have a great amount of flexibility; they do not fire employees, instead cutting their pay and work hours, according to the Deputy Director of HSE’s Centre for Labour Market Studies Rostislav Kapeliushnikov.