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...

The paper provides a critique of a new attack against the Coase theorem opened by A. Oleynik. Under close examination his attempts to repudiate the Coase theorem turn out to be theoretically invalid. Special discussion is devoted to the normative ideas of R. H. Coase.

The paper examines a specific labor market model spontaneously evolved in the Russian economy under transition. Its main characteristic was that adjustment to various shocks in the labor market was brought about via fluctuations in working hours and real wages rather then via fluctuations in...

The paper comments on new estimates of EPL stringency for Russia which implies that labor regulation in Russia is de jure very flexible. Alternative estimates presented in the paper suggest that by stringency of EPL Russia exceeds even those OECD countries whose labor markets are considered...