News

Human Capital Multidisciplinary Research Center has published a new issue of the research digest. It presents the correlation between balanced long-term economic growth and new technologies as a factor of human capital development.

The study of Chernin, Gimpelson and Voskoboynikov “Is the experience of an employee important for the growth of the Russian economy?” is devoted to the general problem of the contribution of human capital to economic growth. The study is at the junction of two strands of research. The first is the dependence of wages on the age of the worker. Many studies have been conducted at the micro and macro levels for different countries. In recent years, researchers (see, for example, Lagakos et al. 2018) have proposed an approach to decompose two effects that affect the wages of an employee—the experience accumulation effect and the cohort effect, which shows the influence of the education and personal experience of workers of a certain generation. For Russia, this decomposition is especially interesting, since the Russian labor market includes groups of workers who began their careers before and after the transition to the market economy. The second strand is the decomposition of growth by the contributions of individual growth factors, the economic growth account. Research at the intersection of these two areas has just begun to appear, and the work presented is the first for a transitional economy that experienced shock therapy.

On June 17, in the Finnish city of Jyväskylä, Ilya Voskoboinikov presented his new study "The standard of living and human development in the Soviet Union in the interwar period".

As part of the XXIII Yasin (April) International Academic Conference, HSE University held a meeting between HSE scholars and Anton Kotyakov, Minister of Labour and Social Protection of the Russian Federation. The title of the meeting was ‘The Future of Social Security: Trends and Forecasts.’ The experts and the Minister discussed the experience and lessons learned from population support initiatives during the pandemic, social protection efforts to reduce poverty and inequality, measures to counter sanctions, and the situation in the labour market.

As part of the 23rd Yasin Conference, Ksenia Bobyleva presented at session A-5-4 on Measuring Economic Growth. Investment in ICT capital and intangible assets are a significant growth factor in the knowledge economy. 

A special issue of the journal Review of Income and Wealth has been published, dedicated to the conference “Experiences and Challenges in the Study of Income and Wealth in Eastern Europe and the CIS”. The conference was held in Moscow, at HSE University, together with the International Association for Research on Income and Wealth on September 17–18, 2019