Is Russia Restructuring? New Evidence on Job Creation and Destruction
The authors explore the labor dynamics of Russian enterprise restructuring, empirically assessing how patterns of job creation and destruction are related to various aspects of enterprise restructuring across firms in different sectors and regions,...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/07/1552001/russia-restructuring-new-evidence-job-creation-destruction http://hdl.handle.net/10986/19574 |
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okr-10986-195742021-04-23T14:03:43Z Is Russia Restructuring? New Evidence on Job Creation and Destruction Broadman, Harry G. Recanatini, Francesca ANALYTICAL APPROACH BANKING SYSTEM BANKS BARRIERS TO ENTRY BUDGET CONSTRAINTS COST MINIMIZATION DEBT ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC POLICIES ECONOMISTS EMPLOYERS EMPLOYMENT EMPLOYMENT CONTRACTS EMPLOYMENT GROWTH EXCESS DEMAND FISCAL POLICIES HIRING HIRING PRACTICES HOUSING IMPORTS INSURANCE JOB CREATION JOB OPENINGS JOBS LABOR CONTRACTS LABOR FORCE LABOR MARKET LABOR MOBILITY LABOR MOVEMENTS LABOR TURNOVER LAYOFF LAYOFFS LOCAL GOVERNMENT LOCAL GOVERNMENTS OIL OIL PRICES PERSONNEL PERVERSE INCENTIVES POLICY ENVIRONMENT PRIVATIZATION PRODUCTIVITY PROFITABILITY PROMOTION RECRUITMENT REDUNDANCY REDUNDANT WORKERS SOCIAL SERVICES STAFF STATE ENTERPRISES SUBSIDIARIES SUBSIDIARY SUSTAINABLE GROWTH TAX COLLECTION TAXATION TIMBER TRADE FLOWS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES The authors explore the labor dynamics of Russian enterprise restructuring, empirically assessing how patterns of job creation and destruction are related to various aspects of enterprise restructuring across firms in different sectors and regions, and to different forms, sizes, vintages, and performance characteristics of ownership. Evidence from case studies - based on more than 50 site visits in 2000 - suggests that jobs have been destroyed, but only to a limited degree in some sectors and regions, largely because of institutional and incentive constraints and a still-widespread "socialist" corporate culture. Jobs have been created - particularly in sectors where devaluation had the most pronounced effect on important substitution and export promotion - but only slowly, mostly for lack of skilled workers and because regional mobility is limited. Labor turnover appears higher within regions than across regions. Newly available data for 1996 - 99 (provided by Goskomstat) for about 128,000 enterprises in 24 industrial sectors in Russia's 89 regions indicates that the typical firm has experienced only modest downsizing - about 12 percent - in number of employees. Smaller firms have entered, and larger, mature businesses have exited some sectors. Except for a lull in 1998, the rate of job creation has steadily increased and the rate of job destruction has declined, dropping substantially in 1998 - 99. "Voluntary" worker separations remain the main - and growing - form of layoff, and the proportion of layoffs through redundancies is shrinking (now about 4 percent of total separations). Firm size and net employment growth are not statistically related, but form of ownership seems to matter. Firm size is also statistically correlated (positively) with profitability, but restructuring through changes in net employment growth appears not to be. It seems Russian restructuring needs to become more efficient. 2014-08-21T18:11:23Z 2014-08-21T18:11:23Z 2001-07 http://documents.worldbank.org/curated/en/2001/07/1552001/russia-restructuring-new-evidence-job-creation-destruction http://hdl.handle.net/10986/19574 English en_US Policy Research Working Paper;No. 2641 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Russian Federation |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ANALYTICAL APPROACH BANKING SYSTEM BANKS BARRIERS TO ENTRY BUDGET CONSTRAINTS COST MINIMIZATION DEBT ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC POLICIES ECONOMISTS EMPLOYERS EMPLOYMENT EMPLOYMENT CONTRACTS EMPLOYMENT GROWTH EXCESS DEMAND FISCAL POLICIES HIRING HIRING PRACTICES HOUSING IMPORTS INSURANCE JOB CREATION JOB OPENINGS JOBS LABOR CONTRACTS LABOR FORCE LABOR MARKET LABOR MOBILITY LABOR MOVEMENTS LABOR TURNOVER LAYOFF LAYOFFS LOCAL GOVERNMENT LOCAL GOVERNMENTS OIL OIL PRICES PERSONNEL PERVERSE INCENTIVES POLICY ENVIRONMENT PRIVATIZATION PRODUCTIVITY PROFITABILITY PROMOTION RECRUITMENT REDUNDANCY REDUNDANT WORKERS SOCIAL SERVICES STAFF STATE ENTERPRISES SUBSIDIARIES SUBSIDIARY SUSTAINABLE GROWTH TAX COLLECTION TAXATION TIMBER TRADE FLOWS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES |
| spellingShingle |
ANALYTICAL APPROACH BANKING SYSTEM BANKS BARRIERS TO ENTRY BUDGET CONSTRAINTS COST MINIMIZATION DEBT ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC POLICIES ECONOMISTS EMPLOYERS EMPLOYMENT EMPLOYMENT CONTRACTS EMPLOYMENT GROWTH EXCESS DEMAND FISCAL POLICIES HIRING HIRING PRACTICES HOUSING IMPORTS INSURANCE JOB CREATION JOB OPENINGS JOBS LABOR CONTRACTS LABOR FORCE LABOR MARKET LABOR MOBILITY LABOR MOVEMENTS LABOR TURNOVER LAYOFF LAYOFFS LOCAL GOVERNMENT LOCAL GOVERNMENTS OIL OIL PRICES PERSONNEL PERVERSE INCENTIVES POLICY ENVIRONMENT PRIVATIZATION PRODUCTIVITY PROFITABILITY PROMOTION RECRUITMENT REDUNDANCY REDUNDANT WORKERS SOCIAL SERVICES STAFF STATE ENTERPRISES SUBSIDIARIES SUBSIDIARY SUSTAINABLE GROWTH TAX COLLECTION TAXATION TIMBER TRADE FLOWS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATES Broadman, Harry G. Recanatini, Francesca Is Russia Restructuring? New Evidence on Job Creation and Destruction |
| geographic_facet |
Europe and Central Asia Russian Federation |
| relation |
Policy Research Working Paper;No. 2641 |
| description |
The authors explore the labor dynamics
of Russian enterprise restructuring, empirically assessing
how patterns of job creation and destruction are related to
various aspects of enterprise restructuring across firms in
different sectors and regions, and to different forms,
sizes, vintages, and performance characteristics of
ownership. Evidence from case studies - based on more than
50 site visits in 2000 - suggests that jobs have been
destroyed, but only to a limited degree in some sectors and
regions, largely because of institutional and incentive
constraints and a still-widespread "socialist"
corporate culture. Jobs have been created - particularly in
sectors where devaluation had the most pronounced effect on
important substitution and export promotion - but only
slowly, mostly for lack of skilled workers and because
regional mobility is limited. Labor turnover appears higher
within regions than across regions. Newly available data for
1996 - 99 (provided by Goskomstat) for about 128,000
enterprises in 24 industrial sectors in Russia's 89
regions indicates that the typical firm has experienced only
modest downsizing - about 12 percent - in number of
employees. Smaller firms have entered, and larger, mature
businesses have exited some sectors. Except for a lull in
1998, the rate of job creation has steadily increased and
the rate of job destruction has declined, dropping
substantially in 1998 - 99. "Voluntary" worker
separations remain the main - and growing - form of layoff,
and the proportion of layoffs through redundancies is
shrinking (now about 4 percent of total separations). Firm
size and net employment growth are not statistically
related, but form of ownership seems to matter. Firm size is
also statistically correlated (positively) with
profitability, but restructuring through changes in net
employment growth appears not to be. It seems Russian
restructuring needs to become more efficient. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Broadman, Harry G. Recanatini, Francesca |
| author_facet |
Broadman, Harry G. Recanatini, Francesca |
| author_sort |
Broadman, Harry G. |
| title |
Is Russia Restructuring? New Evidence on Job Creation and Destruction |
| title_short |
Is Russia Restructuring? New Evidence on Job Creation and Destruction |
| title_full |
Is Russia Restructuring? New Evidence on Job Creation and Destruction |
| title_fullStr |
Is Russia Restructuring? New Evidence on Job Creation and Destruction |
| title_full_unstemmed |
Is Russia Restructuring? New Evidence on Job Creation and Destruction |
| title_sort |
is russia restructuring? new evidence on job creation and destruction |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/07/1552001/russia-restructuring-new-evidence-job-creation-destruction http://hdl.handle.net/10986/19574 |
| _version_ |
1764440051651969024 |