This paper provides evidence based on U.K. firm-level data that: (1) the authors cannot reject the view that profit-sharing firms view the total level of remuneration as the marginal cost of labor, which is contrary to much of Weitzman's analysis; (2) there is some support for the popular view...

There has been a vigorous debate about poverty measurement in Russia, where both the poverty line and poverty data have been subject to criticism. We outline some of the issues raised and discuss the use of an alternative welfare measure based on household assets. Asset indices have mostly been...

This report assesses the evidence on the extent and prospects of an HIV/AIDS epidemic in the countries of the former Soviet Union and the impact this will have on the economies of those countries. The main focus of the report is the Russian Federation. The economic and demographic context...

This paper presents evidence that firm-level productivity increases when either relative wages rise, or the level of unemployment rises. Both facts are consistent with the efficiency wage model. The link between relative wages and productivity may also be explicable by unobserved human capital,...

Although the economic recovery in the UK has been disappointing, it is inappropriate to either assert that Japan's two lost decades illustrate the ineffectiveness of stimulative monetary policy or that the UK is predestined to perform as badly as Japan. Recall that the UK has, so far, avoided...