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| Title: | Labor Market Uncertainty and Private Sector Labor Supply in Russia |
| Authors: | Stillman, Steven |
| Keywords: | Private sector, labor supply, Russia, uncertainty, intra-household |
| Issue Date: | 1-Nov-2000 |
| Series/Report no.: | 359 |
| Abstract: | The development of a vibrant private sector has been one of the key failures of the transitional period in Russia. This paper develops a theoretical and empirical model of individual labor supply behavior under uncertainty, and estimates this model using data from the Russian Longitudinal Monitoring Survey for the years 1994 - 1996 & 1998. As hypothesized, a decrease in private sector earnings variability is estimated to increase the likelihood of private sector employment for individuals with constrained consumption smoothing ability. Evidence of ex-ante intra-household risk sharing is also found with individuals reducing their exposure to uncertainty by diversifying the portfolio of jobs held by their household. |
| URI: | http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp
359.pdf |
| Other Identifiers: | RePEc:wdi:papers:2000-359 |
| Appears in Collections: | William Davidson Institute (WDI) - Working Papers
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| wp359.pdf | | 300Kb | Adobe PDF | View/Open |
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