Transition from a centrally planned economy to a market economy is a complex process which involves, in the first place, the economic institutions. Therefore the core of the transformation is institutional change. During transition in the countries of Central and East Europe the institutions...

An attempt has been made to determine the variables that have a significant bearing on the economic and political institutional quality, taking a sample of member countries of IMF, especially focusing on the programme countries and prolonged users, during 1980-2012. Main results point towards a...

The “Economics of Contracts” has altered the economic analysis of the employment relationship by tackling it through sets of problems centred on “hierarchy” and “power”. However, such a presentation eludes the content of non-economic works such as Max Weber’s classical ones on the...

Product markets are the foundation on which industrial relations institutions are built. Trade union strength is partly dependent upon the state of the labour market, but it is imperfections in the product market that are the precondition of their winning benefits for their members. Sectoral...

Under the impetus of Edward Lazear, personnel economics has established itself as a particularly dynamic area of mainstream labour economics. It aspires to provide the best solutions to the practical problems that human resource managers encounter. The following paper aims to do the following:...

An idea of labour market deregulation refers to a number and a degree of restrictions of formal regulations of labour relations. A proposition can be put forward that labour market deregulation can be successful, if it is accompanied with adequate informal institutions. This article presents...

An idea of labour market deregulation refers to a number and a degree of restrictions of formal regulations of labour relations. A proposition can be put forward that labour market deregulation can be successful, if it is accompanied with adequate informal institutions. This article presents...

The diversity of the labour market in the Visegrad Group countries is presented in the article from an institutional perspective. Institutions such as different tax and transfer policies, employment protection legislation, or active and passive labour market policies can affect not only the...

Argentina experienced a decline in the early years of the 2000s, from 2000 to 2002, in GDP and in most labour market indicators, followed by improvements in nearly all of them, tracing out a U-shaped pattern. The international crisis of 2008 impacted negatively only on the unemployment rate and...