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The paper focuses on the mechanism in the formation of migrant workers’ savings in the Russian labor market. Interregional and foreign labor migration differ, as the research demonstrates. The authors argue that the migrants’ key source of savings is their ability to save money on accommodation, food, and entertainment. In order to determine the absolute value of the migrants’ savings, it is proposed to use the migrant’s integral correction coefficient of consumption – β, which is the ratio of the migrant’s consumption growth for various groups of goods to the corresponding Russian consumption growth. The analysis of the per capita consumption of basic food products for 2000–2017 is presented in the paper. Based on the study of the dynamics of labor migration in Russia, its relationship with such important indicators as the average monthly nominal wage of workers and investment in human capital in labor donor countries is analyzed in order to determine the degree of influence of these indicators on the state of the national labor market. For that, a comparative analysis of the dynamics of population incomes and total expenditures on education and health care for the neighboring countries was carried out. The conditions under which migrants can influence the aggregate demand of the host country are clarified. The results of the study can be used to develop a national migration policy. |
