Demmou, Lilas; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2015
reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall …The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour … employment rate, but also high wage inequality, informality and labour turnover, which limits incentives for firms to invest in …