Email this article Employee well-being in a labor-deficit economy
- Authors: Soboleva I.V.1, Sobolev E.N.1
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Affiliations:
- Institute of Economics of the RAS
- Issue: No 5 (2025)
- Pages: 7-26
- Section: Economics and management
- URL: https://journal-vniispk.ru/2073-6487/article/view/352134
- DOI: https://doi.org/10.52180/2073-6487_2025_5_7_26
- EDN: https://elibrary.ru/VUAMOV
- ID: 352134
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Abstract
Based upon official statistics, independent surveys, and the latest rounds of the Rosstat Comprehensive Monitoring of Living Conditions, the article examines changes in objective and subjective indicators characterizing various aspects of the well-being of Russian employees under labor shortage exacerbation. It is shown that the changed labor market situation contributed not only to wage increase, but also to greater stability in the socio-economic situation of the working population, as well as to an increase in job satisfaction across the entire range of aspects considered. At the same time, the observed growth in wages was accompanied by an unprecedented increase in working time duration. It is concluded that labor in the Russian economy continues to be relatively cheap, and wage received in many cases hardly guarantee socially acceptable standard of living. The situation generates a shift in work values towards remuneration to the detriment of non-monetary aspects characterizing the quality of working life.
About the authors
Irina V. Soboleva
Institute of Economics of the RAS
Author for correspondence.
Email: irasobol@gmail.com
ORCID iD: 0000-0002-3049-7789
Dr. Sci. (Econ.), Chief Researcher, Head of the Center for Human Potential Development
Russian Federation, MoscowEduard N. Sobolev
Institute of Economics of the RAS
Email: edsobol@rambler.ru
ORCID iD: 0000-0002-9142-3361
Dr. Sci. (Econ.), Leading Researcher
Russian Federation, MoscowReferences
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