Institutional Obsolescence: Why Do Institutions Persist though Evolutionary Selection Pressure Changes Radically?

Ioana Negru*, Wilfred Dolfsma

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Suggesting socio-cultural values are selectors of institutions and institutional practices, and institutions in turn are selectors of (economic) behaviors, we investigate what explains the persistence of institutions that were aligned with past socio-cultural values when the values subscribed to in society have fundamentally changed. What, in other words, explains the persistence of obsolete institutions? We do so by investigating the labor market situation for academics in post-communist societies in Europe.

Original languageEnglish
Pages (from-to)699-706
Number of pages8
JournalJournal of Economic Issues
Volume56
Issue number3
DOIs
Publication statusPublished - 2022

Keywords

  • evolution
  • institutional change
  • institutional obsolescence
  • institutions

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