According to the existing literature, informality rates for Russia vary in a wide range from slightly more than 5 to nearly 30 percent. The question arises: what are causes and consequences of so huge variation? Using RMLS data for 2009 the paper investigates the degree of congruence between...

Applying the lifetime income approach the paper provides estimates for Russia's stock of human capital. The results show that using an annual discount rate of 4 per cent and assuming annual labor productivity growth of 5,2 per cent, the market value of Russia's human capital stock in 2010 was...