The labour market in Russia is very flexible. This results in a high and stable overall employment rate, but also high wage inequality, informality and labour turnover, which limits incentives for firms to invest in human capital and productivity improvements.
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This country note from Going for Growth 2015 for the Russian Federation identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Russia has demonstrated good resilience during the financial and economic crisis, though the speed of convergence has been lower than in most BRIICS countries, and growth has slowed more recently.
The Russian Federation’s economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the OECD.
Despite the slowdown of the world economy, Russia has continued to grow. Most importantly, your macroeconomic house is basically in order, with inflation largely under control, public finances close to balance, and a current account surplus. But growth must become sustainable and fair through the implementation of the right policy mix, said OECD Secretary-General.
This paper takes stock of informal employment in Russia analysing its incidence and determinants. Using the regular 2003-11 waves and an informality supplement of the Russian Longitudinal Monitoring Survey (RLMS) it develops several measures of informal employment and demonstrates that the incidence varies widely across the different definitions.
Building an international tax system that is transparent, efficient and fair, will serve our economies, our governments and our citizens, said OECD Secretary-General at the G20 summit in St. Petersburg.
This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995-2010, when regional data are available.
In his remarks, OECD Secretary-General answers the three following questions: Where is growth going to come from? How sustainable will it be? Who is going to benefit from it?
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This study looks into the use of fixed term contracts and agency work in Russia during and shortly after the crisis 2009 10 with the help of an enterprise survey.