Institutional Structure and Labor Market Outcomes: Western Lessons for European Countries in Transition
July 1, 1995
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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.
Subject: Active labor market policies, Employment, Labor, Labor markets, Unemployment, Wages
Keywords: Active labor market policies, administered wage structure, Central and Eastern Europe, compression policy, determination mechanism, Employment, Europe, Labor markets, reemployment wage, reservation wage, restraint policy, subsidy program, transition economy, Unemployment, wage demand, wage determination mechanism, wage differentiation, wage dispersion, wage pressure, wage worker, Wages, WP
Pages:
28
Volume:
1995
DOI:
Issue:
063
Series:
Working Paper No. 1995/063
Stock No:
WPIEA0631995
ISBN:
9781451848366
ISSN:
1018-5941
