Kapstein, Ethan B.; Milanovic, Branko - 2010
The gains from the transition in post-communist Russia were captured by the new managerial class, which won rents from … industrial restructuring. With neither pension reform nor industrial restructuring, Russia's economy has continued to shrink … pays little to pensioners (as in Russia). The authors apply this model to Russia for the period 1992-96. An empirical …