The economist told why the salary of Russians over 40 is declining

Salaries in Russia rise immediately after starting a career and until the employee reaches 40 years of age, and then begin to decline, while in the West this growth continues almost until retirement. Vladimir Gimpelson, Director of the Center for Labor Studies at the Higher School of Economics, named a complex of reasons why the peak of income in our country falls on the middle of the working age.

“The level of income is influenced by various factors – the availability of skills and knowledge valued by the labor market, the willingness to constantly learn and retrain, the ability to work intensively, health status, labor mobility,” explains Vladimir Gimpelson. “In a competitive economy, labor efficiency is ultimately paid for. In many professions, labor productivity does not decrease until the end of a career. This is due to the specifics of the profession. For example, you can be a good coach at 60 or 70, and a successful athlete only in your youth. “

Falling productivity – declining wages, Gimpelson continues, where productivity or productivity is easy to measure, the relationship is more evident.

“The key factor is not biological age, but the quality of human capital – skills and knowledge,” believes Vladimir Gimpelson. “A paradoxical situation has developed in Russia – with a high proportion of people entering the labor market with a good higher or secondary specialized education, a very small part of workers continues to and the older, the less. For example, in Germany or the Scandinavian countries every second student at the age of 50-59 is retrained every year, and in our country – every twentieth. “

According to statistics, in Europe, companies spend an average of 3% of all labor costs on personnel training, while in our country only 0.3%. According to Gimpelson, we are talking almost exclusively about large-scale technological industries, where, as it is, with the competencies of workers, everything is relatively good. In addition, postgraduate training covers doctors, teachers and representatives of those professions where regular professional development is mandatory by law.

The overwhelming majority of workers stop improving their human capital very early, sums up Gimpelson.

Read the full interview with Vladimir Gimpelson in one of the upcoming issues of Rossiyskaya Gazeta.

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