The efficiency of the labour market critically depends on the design of its institutions with employment protection legislation (EPL) playing a special role here. However, since formal laws can be observed or ignored to varying degrees, the actual enforcement regime shapes incentives and...

In order to remain competitive, firms need to keep the quantity and composition of jobs close to the optimal for their given output. Since the beginning of the transition period, Russian industrial firms have been widely reporting that the quantity and composition of hired labor is far from...

Unlike most other transition economies in Europe, in Russia correlation between employment dynamics and GDP dynamics has been weak, contributing to a relatively low rate of unemployment. This article seeks to explain this phenomenon by investigating a combination of inefficient enforcement of...