TY - JOUR AB - Purpose– The purpose of this paper is to investigate labour market practices in a transition economy in relation to broader institutional configurations.Design/methodology/approach– Through a review of relevant literature and the analysis of statistical data the paper reveals some specific factors influencing labour market practices in a transition economy.Findings– The paper establishes a link between inefficient enforcement and the emergence of compensating institutional arrangements on the one side and the unusually broad implementation of flexible working time and flexible pay on the other as a crucial factor that made the stabilization of employment in Russia possible.Originality/value– The paper reveals how a formal regulatory system, which on the face of it is similar to what is a norm in the majority of European countries, may coexist with a distinctive labour market model and explores issues of relevance to academics, researching in the field, policy‐makers, human resource managers, employers and employees. VL - 33 IS - 4 SN - 0142-5455 DO - 10.1108/01425451111142693 UR - https://doi.org/10.1108/01425451111142693 AU - Kapelyushnikov Rostislav AU - Kuznetsov Andrei AU - Kuznetsova Olga ED - Zsolt Bedo ED - Mehmet Dermirbag ED - Geoffrey Wood PY - 2011 Y1 - 2011/01/01 TI - Diversity within capitalism: the Russian labour market model T2 - Employee Relations PB - Emerald Group Publishing Limited SP - 395 EP - 412 Y2 - 2021/01/27 ER -