Real Wage Adjustment in the Former Soviet Union

Real Wage Adjustment in the Former Soviet Union
Since 1991, the economies of the former Soviet Union have experienced sizeable shocks that have pushed equilibrium real wages far from pre-transition levels. This paper sets out a framework in which to assess the degree of real wage adjustment needed to restore equilibrium, and discusses practical problems in applying wage targets and monitoring... READ MORE...

Publication date: September 1993
ISBN 9781451969603
$10.00

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