The Contemporary Crisis and Its Influence on Informal Employment in Russia

Autor: Denis R. Akhmadeev, Rustem M. Nureev
Rok vydání: 2021
Předmět:
Zdroj: Journal of Economic Regulation. 12:006-022
ISSN: 2412-6047
2078-5429
DOI: 10.17835/2078-5429.2021.12.1.006-022
Popis: The article is devoted to the analysis of the nature of the current crisis, the characteristics of its features and the impact on informal employment. The decline in incomes of the population during the crisis and the policy of self-isolation contributed at first to a reduction in demand for services of the informal sector. However, as the restrictive measures eased, the situation changed. Informal employment has long been studied in the economic literature, but the impact of cyclical fluctuations on it is interpreted ambiguously. In order to show the features of the impact of the current crisis, the authors analyze informal employment in the period preceding the crisis. To this end, they study not only the dynamics of the number of people employed in the informal sector, but also its sectoral and regional structure. The analysis has clearly demonstrated that the informal sector serves various categories of the Russian population and the structure of demand for its services among the population with high incomes differs markedly from the structure of demand for the population with low incomes. Nonetheless in Russian practice, many types of formal and informal activities are closely intertwined and interrelated with each other. Since the current crisis has primarily affected the service sector, it is in this area that there is an increase in informal activity in late 2020 – early 2021, and this t rend will continue in the near future
Databáze: OpenAIRE