This paper provides an econometric analysis of the labor supply function of married women in Russia based on data from RLMS HSE and methodology from the work (Heckman, MaCurdy, 1980), in which decisions about entering the labor market and the intensity of work are made within a dynamic optimization problem. It is shown that the husband’s leisure and the number of children living in the household have a negative effect on the woman’s hours worked. The estimate of the Frisch elasticity of labor supply with respect to wages lies near 0.16.
We study the dependence of wages on ages of individuals based on RLMS-HSE microdata for individuals aged 25—55 years for the period 2000— 2019 in Russia. A quadratic dependence of wages on the age of an individual is assumed for cross-sectional models, while shifts of cross-sectional wage profiles over time are described by the dynamics of the gross regional product. The model parameters are estimated for different social groups, separated by gender and educational level, based on a model with random effects, which allows us to obtain the most effective parameter estimates based on both within-group and between-group variation in the data. The estimates obtained can be used in calibration of general equilibrium models with overlapping generations. We touch upon the problem of reducing wages in ages close to retirement and discuss possible reasons for this decrease. We also estimate minimal economic growth rates, forcing the wage rates to increase until the individual reaches the ages of 55, 60 and 65.
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