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...

Applying the lifetime income approach the paper provides estimates for Russia's stock of human capital. The results show that using an annual discount rate of 4 per cent and assuming annual labor productivity growth of 5,2 per cent, the market value of Russia's human capital stock in 2010 was...

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...

The paper examines dynamics in demand and supply of skilled labor in the Russian economy over the transition period of 1990–2000-s. It shows that despite a huge inflow of workers with tertiary education demand for such workers grew in the Russian labor market even faster. This explains why...