Economic Analysis: Theory and Practice
 

Correspondence between the scope of education and professional sphere as a factor of employment income formation and job satisfaction in Russia

Vol. 17, Iss. 2, FEBRUARY 2018

Received: 28 November 2017

Received in revised form: 6 December 2017

Accepted: 27 December 2017

Available online: 1 March 2018

Subject Heading: ANALYSIS OF HUMAN CAPITAL

JEL Classification: 

Pages: 232–248

https://doi.org/10.24891/ea.17.2.232

Mel'nikov R.M. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
rmmel@mail.ru

ORCID id: not available

Importance The article addresses the demand for professional competences in the Russian labor market that are formed by various educational programs.
Objectives The purpose of the study is to evaluate the impact of the scope of education, field of expertise and correspondence between them on employment income and job satisfaction in Russia.
Methods The study draws on regression analysis of the Russia Longitudinal Monitoring Survey data. The modified Mincer earnings regression model and ordered probit models are estimated to evaluate the impact of correspondence between the scope of education and field of expertise on pay level and job satisfaction.
Results I evaluate the demand for professional competences in the Russian labor market that are formed by various educational programs. The results of calculations demonstrate a high demand for male graduates of degree programs in the field of computer science and female graduates in the field of medicine.
Conclusions The professional competences formed by Russian educational programs should better meet urgent and future needs of the Russian labor market.

Keywords: human capital, return on education, professional competence, labor market, wage premium

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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