Features of Functioning of the Youth Labor Market in the Institutional Environment
Journal Title: Бізнес Інформ - Year 2016, Vol 4, Issue
Abstract
The article is aimed at studying the theoretical prerequisites of functioning of the youth labor market in the institutional environment and allocating on its basis the components of the institutional structure of the specified market. The article analyzes the main approaches to formation of both the constituents and infrastructure of the youth labor market, since by their nature most infrastructures are at the same time the labor market actors and the objects to ensure its functioning. It is substantiated that the youth labor market should be considered from the perspective of institutionalism, because the socio-economic relations occurring in the youth labor market rely on the hidden foundation of contractual relations. Theoretical achievements of the authors as to the institutional structure of the youth labor market have been provided. It is proposed to include in the constituents of structure the following: youth labor market actors, system of public and private institutions, as well as informal institutions. Development of both public and private institutions will impact the reduction of hidden unemployment among youth, public policies in the labor market and, in particular, the youth labor market will stimulate the process of accelerated formation of formal non-State institutions.
Authors and Affiliations
Galina Nazarova, Denys Kasmin
Keywords
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