Статья Владимира Гимпельсона и Евгении Черниной в Journal of Comparative Economics

Во 2-м номере журнала Journal of Comparative Economics опубликована статья ведущего научного сотрудника ЦеТИ Владимира Гимпельсона и научного сотрудника ЦеТИ Евгении Черниной "Do wages grow with experience? Deciphering the Russian puzzle".

ABSTRACT

In all available cross-sectional data, the trajectory of the observed wage–experience profile of Russian workers is flat, peaks early, and declines sharply afterwards. This shape looks puzzling since it differs starkly from that observed in both developed and developing countries. We show that a proper interpretation of the wage–experience profile is hindered by the age-period-cohort problem, when the effects of time, cohort, and experience on the wage growth are mixed. Our study uses survey data from Russia covering the years 2000–2019. Relying on human capital theory, we disentangle the experience, period and cohort effects. With certain assumptions concerning human capital depreciation due to aging, our results show that Russian wages do grow monotonically with experience. However, this growth after mid-career is offset by the cohort effect that proceeds in the opposite direction, thus reflecting massive obsolescence of the human capital of workers from older cohorts. Meanwhile, the time effect mirrors the general GDP path as well as all booms and busts over the period.

KEYWORDS: The human capital; Wages; Experience; Wage–experience profile; Russia

 

Chernina E., Gimpelson V. (2023) Do wages grow with experience? Deciphering the Russian puzzle. Journal of Comparative Economics. Vol. 51. Iss. 2. PP. 545-563, https://doi.org/10.1016/j.jce.2023.01.005 

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