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

Ioana Negru and Wilfred Dolfsma ()

Journal of Economic Issues, 2022, vol. 56, issue 3, 699-706

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.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:56:y:2022:i:3:p:699-706

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DOI: 10.1080/00213624.2022.2079930

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