payment equilibrium." Our econometric analysis of linked employer-employee data for Russia supports the model's contention …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …

The increase in wage inequality in Russia during its transition process has far exceeded the increase in wage … dispersion observed in other European countries undergoing transition. Russia also has an extremely large incidence of wage … arrears. We analyse to what extent wage arrears affect the wage distribution and measures of wage inequality in Russia. We …

additive models with spatial effects were used. Both hypotheses found empirical confirmation. It was shown that in Russia …

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …