Generally, Russian businesses are fairly resistant to external shocks.
Many enterprises have not only survived the 2008 crisis, but have increased
their market share since then. Major companies with foreign owners and those
investing in restructuring and modernisation have a better chance of success,
according to Boris Kuznetsov, Professor at the Department of Economic Analysis
of Organizations and Markets and co-author of the study 'The impact of
industrial strategies on resilience to external shocks and on the post-crisis
development trends'
November 20, 2014
Family is a more significant institution for Russians
than it is for residents of a number of other European countries. Amid ongoing
demographic modernization – the liberalization of marriage and the emancipation
of women – ideas are still popular in Russia concerning the necessity of
a stable union, procreation, and the mostly familial function of women, according
to Marharyta Fabrykant, Junior Research Fellow with HSE’s Laboratory for
Comparative Studies in Mass Consciousness
November 14, 2014
Most Russian company owners invest in the continuing education of their
employees, but not all of them. The lucky ones are 10-20% of all staff. Such
spending looks risky even though the return on it is high. Continuing education
increases salary by 8% on average, which is an indirect sign of the same
improvement in the labour productivity of the educated staff, Pavel Travkin,
Junior Research Fellow at the HSE Laboratory for Labour Market Studies, found
November 13, 2014
Competition
among science laboratories often goes hand in hand with mutual assistance,
allowing them to maximise their limited resources, such as expertise, grants,
equipment, and supplies. Anna Artyushina, postgratuate student at the HSE,
studied the trends in laboratory cooperation trends in the biotechnology field – one
of the most competitive areas of science
November 11, 2014
Middle-aged
Russians whose younger years fell in the era of change fear for their future
and tend to save more money than they spend. In contrast, Russia's elderly and
young adults are avid consumers: the former have survived hardship and scarcity – potential
loss does not scare them, while the latter share the inherent optimism of
youth, according to the paper 'Consumer Expectations of the Russian Public
(1996-2009): Interconnections across Cohorts, Generations, and Ages' by Dilyara
Ibragimova, Senior Researcher at the HSE's Laboratory for Studies in Economic Sociology
November 11, 2014
The
proportion of children born outside of marriage is declining in Russia – not
because fewer children are being born out of wedlock, but because more children
are being born to married couples. In fact, out-of-wedlock children are not
necessarily born to single women as used to happen in Soviet times, but instead,
most are born to couples living in unregistered unions, according to Sergey
Zakharov, Deputy Director of the HSE's Institute of Demography, and Elena
Churilova, Postgraduate Student at the Institute's Department of Demography
November 07, 2014
Russia's labour market has a growing demand for unskilled migrant workers from other CIS countries. Migrants who have worked in managerial or professional positions in their home countries almost always see their status decline once they move to Russia. In contrast, less skilled workers easily find jobs of similar status in Russia, according to Elena Varshavskaya, Professor of the HSE's Department of Human Resources Management, and Mikhail Denisenko, Deputy Director of the HSE's Institute of Demography
November 06, 2014
The widespread belief that wage increases in Russia outstrip growth in productivity is no more than a myth, Deputy Director of the HSE Centre for Labour Market Studies, Rostislav Kapelyushnikov claims in an article ‘Productivity and wages: a little simple arithmetic’. Besides, in recent years we have seen a fall in the cost of labour, particularly in industry
November 05, 2014
People's lives today are more flexible, while individual biographies – even though they may look like 'games without rules' to an outsider – are in fact carefully designed around personal choices. These are the main themes of a paper by Sergey Zakharov and Ekaterina Mitrofanova published in the monograph Russia and China: Youth in the 21st Century. Although the paper focuses mainly on young Russians' reproductive behavior, its content goes beyond demographics and addresses certain existential aspects, such as non-stereotypical biographies of modern people and their diverse identities, values, and desires
October 31, 2014
Contemporary Russia’s political system is becoming more and more similar to the Chinese one, while the Chinese economy is demonstrating stable growth and the Russian one is stagnating. Andrey Yakovlev, Professor at the HSE Department of Theory and Practice of Public Administration, believes that the Chinese were able to effectively use the methods of governance they adopted from the USSR. His paper ‘Incentives in the System of Public Administration and the Economic Growth’ was presented at the conference ‘Challenges for Economic Policy in the New Environment’
October 30, 2014
The average Russian family lives on their salaries and pensions and only takes loans in exceptional cases. The vast majority of Russians are in fact millionaires, since almost every family owns their residence, while a third of all households also own other property, usually a 'dacha', i.e. a summer house. Thus, the combined value of assets owned by a typical Russian family exceeds that of many Europeans, according to the Russian Survey of Consumer Finance
October 29, 2014
Almost two-thirds of Russians use financial services. With this, however, the public’s level of financial literacy is low overall, and there is no convincing evidence that people are interested in improving this. This is largely due to the fact that the information presently available on financial services is complex and difficult to understand, according to experts tasked by the Russian Finance Ministry to conduct the first base survey on the financial literacy level and competence of the Russian public
October 29, 2014