We use a new independent survey of 4,000 Russian households (the Russian Longitudinal Monitoring Survey or RLMS) to study their saving behavior. The RLMS household saving rate (12%) is less than half the official figure (29%). Despite the massive changes of the transition, the Russian household...

Summary Several destination countries still adopt general immigration policies, and are characterized by lower returns to education than the countries of origin of the migrants. These two stylized facts challenge the literature on the beneficial brain drain which demonstrates that migration can...

Purpose – The paper seeks to analyse the self‐selection of international migrants on observable skills. Design/methodology/approach – Based on an extended version of the Roy model, which considers random migration costs, the authors analyse the self‐selection of migrants on observable...

This paper summarises the key findings of a recent study on the impact of Eastern Enlargement of the European Union (EU) on labour markets in the current Member States. The study focuses on three main channels along which enlargement may affect labour markets in the EU, namely i) trade, ii)...