The paper investigates the influence of the speed of liquidation of insolvent firms on leverage. The theoretical model presented formalizes the intuitive view that an increase in liquidation speed is expected to decrease average leverage as highly leveraged firms exit. Analysis of Indian data,...

This paper examines responses to questions on wage setting features in Slovenia's Wage Dynamics Network (WDN) survey in the institutional and macroeconomic context of the Slovene economy. The question on collective wage agreement did not capture the prevailing institutional arrangement of...

This paper examines gender differentials in earnings in Macedonia, with special emphasis on the role of occupational segregation. The lower earnings of women in Macedonia cannot be explained by gender differences in measured human capital endowments. There is a high degree of segregation of jobs...