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Tag "population income"

HSE Institute for Social Policy Experts Assess the Impact of the Coronavirus Pandemic on Social Security Institutions

Institute for Social Policy experts believe that as a result of the economic activity slow-down caused by measures to combat the coronavirus, a decrease in the wage fund, a reduction in the number of jobs, an increase in the unemployment and a revenues gap should be expected. Modeling shows that a 5% reduction in the number of jobs and wage fund will result in a decrease of 65.1 billion rubles per month.