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This paper summarizes the evolution of labor markets and labor market institutions and policies in the countries of Central and Eastern Europe as well as of Central Asia over the last two decades. The main focus is on the evolution of labor market institutions, which are among candidate explanations for the very diverse trajectories of labor markets in the region. We consider recent contributions that attempt to assess the effect of labor market institutions on labor market performance of TEs, including the policy-relevant issue of complementarity of institutions.

The aim of this technical note is to shed some light on relationship between labor market institutions and labor market outcomes in the member states of the Organization of Economic Cooperation and Development (OECD) in North America and East Asia; the New Member States of the European Union who are not members of the OECD (e.g. the Baltic states); countries in the European "Neighborhood" with aspire to accede to the EU (e.g. countries in the Western Balkans); and other European transitions countries (e.g. Ukraine, Moldova, and the Caucasus). Several estimation approaches for different data samples and explanatory variables were used to analyze the impact of labor market institutions on the labor market outcomes in European and OECD countries. This technical note, nevertheless, analyzes the impact of labor market institutions in above-mentioned regions and finds that they do affect major labor market indicators. The results show that the minimum wage tends to increase unemployment in non-European OECD sample, which is in accordance with the text-book pricing out effect. To examine the potential differences in the role of explanatory variables between the two OECD sub-samples the author applied modified Chow tests.The results of applied Chow tests examining the potential differences in the role of explanatory variables between the particular sub-samples are inconclusive. Generally, the author was not able to reject the hypothesis of stability of regression coefficients between the examined groups of countries in all tested models. While some of the estimated coefficients suggest different behavior, the available data did not allow to study this issue in detail.

For this insightful collection, Professor Reich has selected some of the most significant published articles on labor mobility and segmented markets. The book investigates the development of this important field from the pioneering papers on labor market segmentation analysis of the 1970s, through the early debates to the later theoretical models and econometric evidence. The second volume offers an overview of the evolution from segmentation to flexibility in labor markets up to the present day and explores topics such as the growth of temporary jobs in Europe, the influence of gender, immigration and race, later econometric controversies and the phenomenon of flexicurity. The volumes will be an essential resource for students and for scholars wishing to investigate this important area