Online Academic Workshop Assessing the Impact of the COVID-19 Pandemic on the Russian Labor Market and Extra-budgetary Funds

On April 14, 2020, the Institute for Social Policy hold the online Academic Workshop Assessing the Impact of the COVID-19 Pandemic on the Russian Labor Market and Extra-budgetary Funds.

The COVID-19 pandemic raises questions about the sustainability of labor markets and existing social security institutions. The discussion paper Impact of the COVID-19 Pandemic Impact on Social Security Institution recently published by the Institute for Social Policy tries to simulate the relationship between the Coronavirus pandemic, the measures taken by the State to stem it and the economic activity, the wage fund and extra-budgetary funds. How will the crisis in Russia develop further? What is its fundamental difference from the crises of 2008/9 and 2014? How will the economy, labor markets and social institutions react to it?

The participants of the online discussion considered the features of actual crisis, possible reactions of the labor market to it. They also presented their assessments of structural changes in the economy and the formation of incomes, the impact of the crisis on the formal and informal sectors of the economy, and its impact on social insurance institutions, including taking into account the proposed measures to support the population.
Video is available here.
More information about the workshop is available here.