Institutional Structure and Labor Market Outcomes : Western Lessons for European Countries in Transition

Author/Editor:

Robert J. Flanagan

Publication Date:

July 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Changes in economic systems provide a rare opportunity to redesign basic institutional structures in labor markets. This paper attempts to provide guidance for such institutional choice by drawing on the findings of recent labor market research in market economies on the links between institutional structure and labor market performance. After considering the suitability of research from market economies for the labor market problems faced by economies in transition from central planning, the paper considers the effects of alternative institutions for wage determination (collective bargaining structures and minimum wage and indexation legislation), employment security, income security, and active labor market policy.

Series:

Working Paper No. 95/63

Subject:

English

Publication Date:

July 1, 1995

ISBN/ISSN:

9781451848366/1018-5941

Stock No:

WPIEA0631995

Format:

Paper

Pages:

28

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