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Institutional priorities of formation and functioning of the motivational mechanisms in the labor market

Institutional priorities of formation and functioning of the motivational mechanisms in the labor market

Journal of Economic Regulation, , Vol. 6 (no. 3),

In the paper the authors consider institutional features of formation and functioning of motivational mechanisms in the labor market, as well as major trends of Russian modern system of labor motivation. Special attention is paid to the role of salary as an institutional component of the mechanism of labor motivation in conditions of decreasing the lag in the economic development.

Keywords: labor market; labor migration; labor activity; institutional mechanisms of motivation; individual behavior; institutional constraints; informal institutions of behavior; contractual relationship; labor stimulation; salary; material incentives; indirectly material incentives; nonfinancial incentives.

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