The paper provides a thorough critique of conventional wisdom that in the Russian economy of 2000-s labor compensation was increasing at much higher annual rates than productivity. It reveals a number of wrong implicit assumptions that lead to this statistical illusion. The most important of...

We model a standard competitve labour market where firms choose combinations of workers and hours per worker to produce output. If one assumes that the scale of production has no impact on hours per worker, then the change in the number of workers and hours per worker resulting from a minimum...

This paper examines the impact of individual human operators on the fuel efficiency of power plants. Although electricity generation is a fuel and capital intensive enterprise, anecdotal evidence, interviews, and empirical analysis support the hypothesis that labor, particularly power plant...