T he continuous growth of investment in R&D inRussia and the world increases the demand for optimal allocation of public funds to support the most productive scientific performers. These are, however, hard to conceptualize and measure. First, we need to consider the nature of research activity itself and, second, we need to evaluate a number of factors that influence such activities at the national, institutional and individual levels. One of the key issues is motivation of academic personnel, who are considered the main producers of new knowledge. Therefore, it is necessary to analyse the employment characteristics of researchers, and develop adequate mechanisms to facilitate their scientific productivity.This paper aims to examine determinants of publication activity among doctorate holders employed in the academic sector in Russia. Data for the analysis was derived from a survey on the labour market for highly qualified R&D personnel conducted in 2010 by the HSE, within the framework of the OECD / UNESCO Institute for Statistics / Eurostat international project on Careers of Doctorate Holders (CDH). With the use of regression analysis, Keywords: performance-based payment; bibliometric indicators; Russian scholars; the productivity of science; human capital; scientific publications we assess the effects of scientific capital, international cooperation, employment, and socio-demographic characteristics of researchers on their productivity, which is measured through their total publication output as well as through the number of papers in peer-reviewed academic journals.The differences between factors were assessed for two generations of researchers -those under 40 years old, and above. It was shown that the quality of scientific capital, measured through diversity of research experience, has a stronger impact on research productivity, rather than the age or other socio-demographic characteristics of doctorate holders. It was also demonstrated that direct economic stimuli and actual research productivity of researchers are weakly correlated. Consequently, we identified that a potentially winning strategy for universities and research institutions that want to improve their performance indicators would be to provide younger scholars with wider opportunities for professional growth, including intense global cooperation in the professional community.