Regional Economics: Theory and Practice

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The labor market: an analysis of regional differentiation

Vol. 13, Iss. 36, SEPTEMBER 2015

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Received: 16 February 2015

Received in revised form: 5 March 2015

Accepted: 13 March 2015

Available online: 12 October 2015

Subject Heading: LOCAL MARKETS

JEL Classification: 

Pages: 56-66

Yanchenko E.V. Gagarin Saratov State Technical University, Saratov, Russian Federation

Importance The article analyzes regional labor markets.
     Objectives The purpose of the article is an analytical review of the regional differentiation of the labor market.
     Methods For the study, I used methods of mathematical statistics and a correlation analysis.
     Results I present a general technique to measure differences between regional labor markets, including integral coefficient, elasticity, the correlation of links between indicators of tension in the labor market and factors. I defined types of regions by level of regional differentiation and development of industrial and postindustrial economy.
     Conclusions I concluded on the necessity of the discretionary approach to government regulation of the labor market depending on the type of region. For depressed territories, I recommend direct assistance in the form of subsidies, for other regions, I suggest creating conditions for development of small and medium-sized businesses and provide tax support.

Keywords: labor market, regional differentiation, unemployment, employment, elasticity


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