The paper focuses on the labor "hoarding" problem in Russia. We studied two forms of "hoarding": unpaid leaves and short-time work. Our research based on the Russian Longitudinal Monitoring Survey (RLMS) database. The paper exploits individual panel data between 1994 and 1996.

This paper proposes an explanation of the puzzling coexistence of elements of inertia and dynamism on the Russian labour market using a segmentation model. Risl averse workers are differentiated according to their productivity. They face a trade-off between wages and access to social services...

The paper considers a simple "three goods" model in which firms simultaneously decide hiring workers. The production is sold later at a market clearing price; the buyers'purchasing power depend on their income, that itself depends on the firms'previous decisions. The rational expectations...

In this paper we analyze the performance of the French economy in light of the labour market regulations that prevail in this country. We argue that, due to such regulation, the French economy is locked at a high unemployment trap with low labour mobility and low sectorial reallocation.

In this paper, we argue that many of the rigidities that characterize European labour markets can be understood as the outcome of political influence by incumbent employees. We then empirically investigate the determinants of labour market institutions and show that the results are consistent...

We develop a model to analyse the implications of firing costs on international specialization.

The aim of this paper is to show that both location and race matter for explaining the high criminality rate in cities. In our model, blacks and whites are identical in all respects. However, if, for no economic but for extrinsic reasons, everybody (including blacks) believes that blacks are...