Mel'nikov R.M.Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation email@example.com 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