OECD Economics Department Working Papers
Boosting Productivity in Russia: Skills, Education and Innovation
DOI:https://doi.org/10.1787/5js4w26114r2-en
The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
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