Using the RLMS, this paper re-examines the nature of the gender wage gap in Russia between1994 and 1998 taking into account the pervasiveness of Russia’s non-payment institutions. Investigatingdiscrimination ‘bands’ at different sections of the income distribution and for various important...

This paper examines the impact of agency conicts on corporate nancing decisions. Werst build a dynamic contingent claims model in which nancing policy results from a trade-obetween tax benets, contracting frictions, and agency conicts. In our setting, partially-entrenched managers set the rms'...