Labour Market Institutions and Productivity: Labour Utilisation in Central and Eastern Europe

This book explores the role of formal labor market institutions in keeping labor utilization in Central and Eastern Europe above the level characteristic for Western European states. It analyzes the impact of these institutions on labor market outcomes through 12 chapters by 21 experts from various CEE countries. The book argues that increasing the stock of skills accumulated by the employed and improving their utilization is the first-best solution to increase labor utilization. It will appeal to post-graduate researchers, academics, policymakers, and experts interested in labor economics.

Format: Paperback / softback
Length: 338 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate role of formal labour market institutions in maintaining a higher level of labour utilisation in Central and Eastern Europe (CEE) compared to Western European states. It presents a novel and insightful perspective on labour utilisation, offering a fresh understanding of how various formal labour market institutions can influence the ongoing trend in this crucial aspect. Spanning 12 chapters, authored by 21 esteemed labour market experts from various CEE countries, the book employs a cross-country and detailed case-study approach to analyse the impact of labour market institutions on labour market outcomes.

While most chapters rely on empirical methods, they are presented in a user-friendly manner to ensure accessibility to a non-scientific audience. The volume explores three central questions: How can labour utilisation be enhanced through labour market institutions? Which CEE countries have successfully established a labour market institutional framework that promotes labour utilisation? How should labour market institutions in CEE countries be reformed to boost labour utilisation?

The book argues that the legacy of transition reforms and a centrally planned past continues to shape common patterns among CEE countries. It concludes that increasing the stock of skills accumulated by the employed and improving their utilisation appears to be the most effective solution to enhance labour utilisation.

This book holds significant appeal to post-graduate researchers and academics specialising in labour economics, regional economics, macroeconomics, and those interested in adopting an institutional analysis approach. Moreover, due to the broader policy implications of the topic, the book will also interest policymakers, policymakers, and stakeholders in understanding the factors contributing to labour market dynamics and exploring potential strategies for promoting sustainable employment growth in CEE countries.

Weight: 630g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367564230