Well functioning labor markets are crucial to the adjustment process required of economies as they are battered with shocks from globalization, technology, etc. Which economic policies and institutions play a positive role in assisting the responsiveness of the labor market to these shocks while minimizing unemployment? Which factors make some institutions/policies work in some settings and not in others? How are internal labor markets structured in large firms in these economies and how do these structures facilitate/impede the adjustment process? The goal of this two-day conference is to bring together leading international researchers to discuss experiences with the interplay of labor market policies/institutions and reforms in transition and emerging market economies. We invite submissions on any topic (e.g., labor market flexibility and deregulation, the impact of globalization on labor reallocation and income distribution, employment and wage policies within firms, determinants and dynamics of informal sector employment, unemployment and labor market policies).