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Institutional determinants of the internal labor market of the University

Institutional determinants of the internal labor market of the University

Journal of Economic Regulation, , Vol. 3 (no. 3),
p. 63-72

In the paper attention is paid to the study of the nature of internal labor markets in the new personnel economics. The optimization issues of interaction in the «employee-employer», and following directions this «optimization»: a theory of human capital, models of incentives, duties and contests are considered. The reasons for the internalization of labor, that is securing workers in the organization are analyzed. The specific human capital as a key element of internal labor market is investigated.

Keywords: institutions; internalization of labor; human capital; information asymmetry; internal labor market; the new personnel economics

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