
Contents
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An Adjustment Puzzle An Adjustment Puzzle
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A Concise History of the Russian Labor Market Ups and Downs A Concise History of the Russian Labor Market Ups and Downs
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Stable Employment, Low Unemployment Stable Employment, Low Unemployment
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Low Interfirm Labor Mobility? Low Interfirm Labor Mobility?
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Flexible Working Time Flexible Working Time
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Flexible Wages Flexible Wages
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Did the 2008–9 Crisis Change the Mode of Adjustment? Did the 2008–9 Crisis Change the Mode of Adjustment?
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Institutional Foundations of the Reverse Employment/Wage Asymmetry Institutional Foundations of the Reverse Employment/Wage Asymmetry
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Employment Regulations Employment Regulations
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Minimum Wage Minimum Wage
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Unemployment Benefits Unemployment Benefits
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Two-Tier Wage Structure Two-Tier Wage Structure
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Trade Unions and Wage Agreements Trade Unions and Wage Agreements
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Efficiency of Enforcement Efficiency of Enforcement
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Political Economy Perspective Political Economy Perspective
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Conclusion: A Balance Sheet of Pros and Contras Conclusion: A Balance Sheet of Pros and Contras
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Notes Notes
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References References
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29 Labor Market Adjustment: is Russia Different?
Get accessVladimir Gimpelson is a Professor of Economics and Director at the Center for Labor Market Studies in the National Research University Higher School of Economics, Moscow, and a Research Fellow, the Institute for the Study of Labor (IZA). His work focuses on labor markets in transition economies.
Rostislav Kapeliushnikov is the Chief Researcher at the Institute of World Economy and International Relations in the Russian Academy of Sciences, and Deputy Director at the Centre for Labor Market Studies, National Research University Higher School of Economics, Moscow. His research focuses on labor economics, institutional economics and economics of transition.
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Published:01 October 2013
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Abstract
The chapter discusses how the Russian labor market has been evolving over two decades of the transition. It starts with tracing key labor market indicators such as employment, unemployment, labor force participation, working hours, and real wages. Their dynamics indicate that the labor market tends to operate in a nonconventional fashion and not in line with expected patterns. We argue that the current Russian labor market possesses peculiar features that distinguish it from the European markets outside of the Commonwealth of Independent States. We then examine the institutional foundations that make this unconventional performance possible and proceed with discussing political economy and welfare implications. The findings are compared with the experience of other post-socialist countries.
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