This paper compares two radically different approaches to transforming an economic system based on central planning and state property into a capitalist system, the neoliberal transition strategy and the state directed transition strategy. Russia's transition since 1992 is examined as an example...

We assess alternative research designs for minimum wage studies. States in the U.S. with larger minimum wage increases differ from others in business cycle severity, increased inequality and polarization, political economy, and regional distribution. The resulting time-varying heterogeneity...

Ein Biotop ist der Lebensraum einer Lebensgemeinschaft von bestimmter Mindestgröße und einheitlicher, gegen die Umgebung abgrenzbarer Beschaffenheit. Die Kartierung und Bewertung von Biotoptypen ist eine wichtige Grundlage für Naturschutz und Landschaftsplanung.

We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...