Analysis of the volatility of cash flows in the field of labor relations for monitoring the sustainability of the Russian economy

• Published in: Mir novoj èkonomiki (Online) Vol. 17; no. 1; pp. 94 - 102
• Main Authors: Larionov, A. V., Podvoysky, G. L.
• Format: Journal Article
• Language: English
• Published: Government of the Russian Federation, Financial University 18-05-2023
• Subjects: bank of russia payment system; critical values; economic security; labor relations; precarization; remote employment; volatility of cash flows; working conditions
• ISSN: 2220-6469; 2220-7872
• DOI: 10.26794/2220-6469-2023-17-1-94-102

The aim of this research paper is to assess the applicability of the payment system data provided by the Bank of Russia for a prompt monitoring of the labor relations situation. Considering the growth of precarization, the change in the dynamics of labor relations is considered in the article as an operational indicator of the onset of potential economic crises. Taking the Bank of Russia payment system data as a basis, it is possible to use the volatility of cash flows information in the field of labor relations to determine the state of the economy. A methodological approach to determining critical values of this indicator by applying the three-sigma rule is also given in the article. In addition, the research paper investigates the relationship between the emergence of non-standard practices of interaction between economic actors in the labor market and values of the cash flow in the field of labor relations.