An Overview of Labour Market Institutions
This post will help you to understand the importance and role that labour market institutions have in the overall labour market, as part of your Prelim Economics syllabus. Labour market institutions are usually thought of as policymaking institutions that interfere with wage and employment determination. They include:
- Unions;
- Employer associations; and
- Government agencies.
The following videos below look at these three types of institutions in more detail.
Unions
Employer Associations
