Studying the transition means analyzing the interactions between institutions and structural change, a process we still know very little about. In this paper we show that the transitional process has been very different in the countries of the Former Soviet Union (FSU) and those of the Central...

Studying the transition means analyzing the interactions between institutions and structural change, a process we still know very little about. In this paper we show that the transitional process has been very different in the countries of the Former Soviet Union (FSU) and those of the Central...

A large body of empirical literature indicates that, contrary to predictions from economic theory, wages in the informal sector increase after any minimum wage hike. This phenomenon was so far explained as a byproduct of a signal conveyed by statutory minimum wages to wage setting in the...