The decision to move to a market economy sets in motion two major forces: (i) a widening of earnings and income distribution, a result of wage and price liberalization, is an inherent part of reform; and (ii) declining output, which is a not an inherent part of the reform, but a side effect, which aggravates poverty, and results in a fall in the real wage base and in profits, and hence creates a fiscal crisis. This report gives five paramount recommendations...
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DETAILS
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1993/05/01
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Publication
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11168
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1
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1
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2011/11/25
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Disclosed
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Russian Federation - Income transfers and social safety net in Russia
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Income distribution
Citation
Barr,Nicholas.
Russian Federation - Income transfers and social safety net in Russia (Russian). Studies of economies in transformation ; no. 4 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/930461468107068158