Institutional Support for Social Security in the Labor Market: International Experience and Domestic Realities
Bondarevska K. V.

Bondarevska, Kseniia V. (2020) “Institutional Support for Social Security in the Labor Market: International Experience and Domestic Realities.” The Problems of Economy 2:382–388.
https://doi.org/10.32983/2222-0712-2020-2-382-388

Section: Social economy, policy and demography

UDC 331.5.024.5

Abstract:
The article outlines the author’s vision of the institutional support for social security in the labor market and its components, in particular, relevant institutions (state and local government bodies, institutions of state regulation of the labor market and social partnership, educational institutions, mediation institutions) and other institutions (legal and regulatory, financial, informational support, economic laws regulating labor market functioning, social rules and norms of behavior, traditions and values, corporate norms). Moreover, the main components of the mechanism of institutional support for social security in the labor market are identified. They include the influence of subjects of social security in the labor market on relevant objects, based on resource support and principles, using corresponding methods, tools and leverage. Features of the current state of the institutional support for the labor market are examined and its main problematic aspects, in particular, in the context of activities of the State Employment Service of Ukraine, are highlighted. The need to apply best practices is considered with regard to the formation of an active state policy in the labor market and the concept “flexicurity”, which is a combination of flexible and non-standard forms of employment with appropriate social protection of employees. Among the priority areas for improving institutional support for social security in the labor market, the author identifies the following: providing a legislative framework for social security and defining measures to ensure it; implementing social standards of developed European countries in domestic practice; bringing the legal framework for social security in the field of employment in accordance with international requirements, with consideration for domestic realities; improving the functional aspects of institutional support by redistributing the powers and functions of state bodies in the context of decentralization as well as taking into account the need to introduce innovations in the activities of relevant institutions.

Keywords: institutional mechanism, institutional support, labor market, social security, labor market institutions, state employment policy.

Fig.: 2. Bibl.: 10.

Bondarevska Kseniia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Management of National Economy, Oles Honchar Dnipro National University (72 Haharina Ave., Dnіpro, 49010, Ukraine)
Email: Kseny-8888@i.ua

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