Income inequality has increased in both developed and developing countries, and this growing inequality is in large part due to a shift in factor shares in favor of capital and to the detriment of labor. Factor shares have varied systematically over the post-World War II period, rising until the...

This paper reviews labor market developments in the countries of Eastern Europe and the former Soviet Union since the beginning of transition. The paper examines the relationship between aggregate employment and macroeconomic developments in these countries, emphasizing the changing interaction...