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

28 Pages Posted: 15 Feb 2006

See all articles by Robert J. Flanagan

Robert J. Flanagan

Stanford Graduate School of Business

Date Written: July 1995

Abstract

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.

JEL Classification: J0, J3, J5, J6, P2, P5

Suggested Citation

Flanagan, Robert J., Institutional Structure and Labor Market Outcomes: Western Lessons for European Countries in Transition (July 1995). IMF Working Paper No. 95/63, Available at SSRN: https://ssrn.com/abstract=883211

Robert J. Flanagan (Contact Author)

Stanford Graduate School of Business ( email )

655 Knight Way
Stanford, CA 94305-5015
United States

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