PECULIARITIES OF INSTITUTIONAL DEVELOPMENT OF THE LABOR MARKET IN RUSSIA.

As a result of the study, it was proved that the institutional development of employment in Russia depends on the degree of conformity of formal and informal institutions, and the higher the degree of discrepancy between them, the higher the risk of the spread of informal labor practices and the formation of an employment policy that does not meet the requirements of the modern development of the country's economy. To mitigate this problem, the article proposes three schemes of action and proves that the third is the most preferable: the first approach is pulling up the formal sector of the economy to the informal, i.e. It is proposed not to impose artificially constructed formal institutions, but to legalize already existing informal norms and practices by which society lives; the second approach is pulling up the informal sector of the economy to the formal; the third approach is the oncoming movement of formal and informal institutions, for its implementation, the state must carry out two functions: stimulating, i.e. contribute to the formation of a legal environment that would fill the vacuum between existing formal rules and actual labor practices, and punish, that is, the state should create favorable institutional conditions for monitoring the implementation of labor legislation and applying measures in case of violation. [ABSTRACT FROM AUTHOR]