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RN17_08a_P: Crisis, Post-Crisis and Employment Relations (special session 4)
Time: 31/Aug/2017: 6:00pm-7:30pm · Location: PC.6.30

The young people in the labor market: employment issues

Nina Arsentyeva1, Sergei Busygin2

1Institute of Economics and Industrial Engineering, Russian Federation; 2Novosibirsk State University, Russian Federation

Data: sociological survey of 4365 graduates of the professional education system conducted in 2015-2016 in the Novosibirsk region.

Theoretical basis of this study relies on the works of the founders of the human capital theory T.Shultz’s, G.Beсker’s and others.

The economic crisis of 2008 and the post-crisis period negatively reflected on the state of the labor market. The fraction of full-time employment with sufficient compensation is reducing and the fraction of part-time and temporary employment is increasing. There is an increase of jobs that require low or medium qualification. These characteristics are peculiar to the labor market of the Novosibirsk Region and majority of other Russian regions.

Labor market is a place of conversion of human capital into capital. In this context it is important to study the behavior of the population that looking for a work, adapting to new opportunities, organizing priorities in the labor market and demonstrating work motivation. The results show us that young people are "sacrificing" a received profession (63%) for employment in any job. The current situation contradicts a national goal of building-up of a human capital and innovative potential of the economy.

The paper analyzes the amount of losses in professional and qualificational potential of the economy and human society as a result of the degradation of the socio-economic characteristics of the sector. It also describes those segments of the labor market, where deprofessionalization risks of workers are especially great.

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