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on Confederation of Independent States |
| By: | Hartmut Lehmann; Alexander Muravyev; Tiziano Razzolini; Anzelika Zaiceva |
| Abstract: | This paper is the first to analyze the costs of job loss in Russia, using unique new data from the Russian Longitudinal Monitoring Survey over the years 2003-2008, including a special supplement on displacement that was initiated by us. We employ fixed effects regression models and propensity score matching techniques in order to establish the causal effect of displacement for displaced individuals. The paper is innovative insofar as we investigate fringe and in-kind benefits and the propensity to have an informal employment relationship as well as a permanent contract as relevant labor market outcomes upon displacement. We also analyze monthly earnings, hourly wages, employment and hours worked, which are traditionally investigated in the literature. Compared to the control group of non-displaced workers (i.e. stayers and quitters), displaced individuals face a significant income loss following displacement, which is mainly due to the reduction in employment and hours worked. This effect is robust to the definition of displacement. The losses seem to be more pronounced and are especially large for older workers with labor market experience and human capital acquired in Soviet times and for workers with primary and secondary education. Workers displaced from state firms experience particularly large relative losses in the short run, while such losses for workers laid off from private firms are more persistent. Turning to the additional non-conventional labor market outcomes, there is a loss in terms of the number of fringe and in-kind benefits for reemployed individuals but not in terms of their value. There is also some evidence of an increased probability of working in informal jobs if displaced. These results point towards the importance of both firm-specific human capital and of obsolete skills obtained under the centrally planned economy as well as to a wider occurrence of job insecurity among displaced workers |
| Keywords: | Costs of job loss; worker displacement; propensity score matching; Russia |
| JEL: | J64 J65 P50 |
| Date: | 2011–05 |
| URL: | http://d.repec.org/n?u=RePEc:mod:recent:060&r=cis |
| By: | Mihails Kuznecovs; Sarmistha Pal |
| Abstract: | This paper examines whether and how introducing corporate governance measures like transparency-and-disclosure (T&D) rules can boost firm performance. It is argued that the success of corporate governance reforms not only depends on resolving the conflict of interest between the controlling and the minority owner, but also on whether the reforms initiate a conflict of interest between the state and the controlling owner. Using unique data from Russia for 1995-2007, we find that the introduction of corporate governance codes in Russia has boosted firm performance of both energy and non-energy sector firms in our sample. However, the introduction of transparency and disclosure rules has been met with limited success in the country as it triggers the conflict of interest between the state and the controlling owner. |
| Date: | 2011–04 |
| URL: | http://d.repec.org/n?u=RePEc:edb:cedidp:11-06&r=cis |
| By: | Kumo, Kazuhiro; Horie, Norio; Ryazantsev, Sergei V. |
| Date: | 2011–03 |
| URL: | http://d.repec.org/n?u=RePEc:hit:hituec:b39&r=cis |
| By: | Kazuhiro Kumo |
| Abstract: | For the four years since 2006, Tajikistan, a former Soviet republic, has led the world in the receipt of foreign remittance as a proportion of GDP. Needless to say, key reasons for this are the low income levels in Tajikistan and the country's special relationship with Russia, which is enjoying rapid economic growth. Yet while interest in the relationship between migration and foreign remittance has existed for a long time, not many studies have looked at this region. This paper used household survey forms from two points in time to profile households in Tajikistan and international labour migration by Tajiks, and examined the relationship between household income levels in Tajikistan, the poorest of the former Soviet republics, and foreign remittance being received from international labour migrants and the likelihood of migrants being supplied. It found no correlation between household income levels and amounts of money received from abroad, which suggests that altruistic models of the relationship between migration and remittance do not apply. Moreover, it also found that households with high incomes are more likely to supply migrants, indicating that international labour migration from Tajikistan may not be conductive to reducing poverty in that country. |
| JEL: | O15 P46 R23 |
| Date: | 2011–03 |
| URL: | http://d.repec.org/n?u=RePEc:hst:ghsdps:gd10-182&r=cis |