Abstract :
There is a transitional economy in post socialistic countries today including Russia. The economic model of transitional labour markets corresponds to this special type of economic systems. By now, modern Russia has already completed the transition period of its socio-economic development, from the command economy to a market economy.
Consequently, transitional labor markets, which are an integral part of the transition economy, must become part of the past reality. Therefore, transitional labor markets have completed their existence, and now they are formed as full-fledged labor markets, reflecting the status of a market economy in Russia.
Keyword :
Transitional Labour Market, Divergence of Labour Market, Diffusion of Market Institutions.