Cointegration analysis of the behavior of individuals in the labor market in conditions of digitization of the economy
Abstract
Importance: the rapid development of digitalization processes of the economy affects labor markets almost everywhere, in countries, regions, sectors of the economy. Institutional regulation of supply and demand in labor markets requires a qualitative empirical analysis of the behavior of households in the current situation. Purpose: cointegrative analysis of changes in the behavior of individuals in the Russian labor market in the context of socio-demographic characteristics occurring under the influence of digitalization processes of the economy. Research design: аssuming stochastic trends in the development of digital services and unemployment characteristics, the authors propose using time series cointegration testing to identify digital patterns of household behavior in the labor market. This approach makes it possible to perform a qualitative causal analysis of dependencies for the argumentation of institutional regulatory measures of demand and supply of labor. Results: the authors proposed a three-stage method for analyzing the relationship between digitalization and socio-demographic characteristics of unemployment based on a graphical analysis of trends and the Engel-Granger test. The results of the empirical studies conducted are consistent with the real behavioral situation in the labor market, which confirms the possibility of practical use of the proposed methodology to justify the management decisions of state bodies to reduce unemployment.
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References
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