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We examine the implications for estimates of wage relativities and inequality when countries experience wage arrears on a substantial scale, using the Russian labour market as a test case. The increase in wage inequality in Russia during its transition process has far exceeded the increase in...
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We consider the concept of a wage curve describing a negative relationship between unemployment and wages. We suggest …
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Given limited resources and economic realities, how do politicians distribute monetary transfers in order to retain office? In this article, we argue that this decision is determined by economic factors, which condition politicians distributive strategies. In our model, we consider that...
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