In Lazear's (1979) model of efficient long-term incentive contracts, employers impose involuntary retirement based on age. This model implies that age discrimination laws, which bar involuntary terminations based on age, discourage the use of such contracts and reduce efficiency. Alternatively,...

Since the beginning ofthe transformation ofthe Polish economy, Many disturbing phenomena have appeared onthe labour market inPoland. This paper points out toseveral ofthem, namely: 1) inconsistency inrespecting the rules ofthe market mechanism and the important role ofpolitical decisions, 2)...

The diversity of the labour market in the Visegrad Group countries is presented in the article from an institutional perspective. Institutions such as different tax and transfer policies, employment protection legislation, or active and passive labour market policies can affect not only the...