We trace the rise of the so called oligarchs in post-Soviet Russia and examine their relationship to income … distribution in Russia. When Russia moved to a market economy in the 1990s a new business elite evolved. Russia's distinctive path …

transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries … consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The … domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude …