Modelling the employed in the Russian economy given the impact of pension reform and the coronavirus pandemic

Abstract

The article is devoted to forecasting changes in the number of people employed in the economy of the Russian Federation, which should occur as a result of the effects of the pension reform in 2018 and also the coronavirus pandemic in 2020. The demographic forecast of the population of the Russian Federation until 2030 is used as the dominant forecasting factor. The influencing factors on the process dynamics are the employment levels. The forecast of employment levels is based on the factors of the pension reform in 2018 and the coronavirus pandemic in 2020. The following trends are also being demonstrated: an increase in employment due to ”former” pensioners remaining in work, and a decline in employment due to an increase in the number of unemployed because of coronavirus pandemic. For the duration of the pension reform, the economy’s annual need for human resources will decrease. This will cause difficulties in finding a job for the majority of applicants – graduates of the vocational education system. The situation will be further aggravated by rising unemployment due to the reduction of jobs in the economy caused by the coronavirus pandemic.