The paper examines a specific labor market model spontaneously evolved in the Russian economy under transition. Its main characteristic was that adjustment to various shocks in the labor market was brought about via fluctuations in working hours and real wages rather then via fluctuations in...

Developments in Russia after the 2008–2009 global financial crisis were associated with the emergence of a number of new institutions that support interactions between government and business. Against this background, the Agency for Strategic Initiatives (ASI) founded in 2011 can be considered...