In the end of 2012 the Russian economy entered a period of permanently declining growth rates. The paper provides a thorough analysis of the labor market performance under these new conditions. We explain why despite the economic stagnation its basic characteristics - labor force participation,...

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...