BUSINESS INFORM №4-2016

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Section: Labour economics and social policy
UDC 331.5222
Nazarova G. V., Kasmіn D. S.
Features of Functioning of the Youth Labor Market in the Institutional Environment (p. 131 - 137)
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.
Keywords: youth labor market, institutional environment, social-labor relations, youth labor market institutions
Fig.: 2. Tabl.: 1. Bibl.: 29.

Nazarova Galyna V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Social Economics, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]
Kasmіn Denys S. – Candidate of Sciences (Economics), Associate Professor, Department of Economics and Social Sciences, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Nazarova, Galyna V., and Kasmіn, Denys S. (2016) “Features of Functioning of the Youth Labor Market in the Institutional Environment.” Business Inform 4:131–137.

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