Foreign experience shows that, as a rule, contributions for compulsory pension insurance paid by both employees and employers. In Russia, the premiums are paid entirely by employers. Under the current system of administration of insurance contributions for compulsory pension insurance there is a...

This is one of the first effort to make structural estimation of fertility in Russia.Normal distribution of random individual effect and extreme value distribution of the error are assumed.

In this paper financial frictions are represented by agents heterogeneity. Presence of savers and borrowers permits to analyse financial frictions in a simple and tractable framework. Different types of borrowers create an effect of costly state verification models. Comparatively to these...

In this paper author reveals some evidence on pattern of contraception and fertility in Russia. Contrary to common sense it turns out that women that follow very cautios contraceptive strategy make abortion very rarely. Author offers analytical devices to deal with thats issues.

In this paper we contribute to the literature on environments with active fiscal and accommodating monetary policy. We show that this framework is able to explain the positive relationship between the steady state level of inflation and business cycle inflation volatility observable in the data....