The original essays in this book have been written by a number of leading international experts in the field of labour market studies to honour the intellectual contribution and lifetime achievement of Gunther Schmid. The multidisciplinary contributions, which cover a variety of theoretical approaches, are all concerned with transitional labour markets and labour market policy in the new global economic environment. The authors first address current arguments and controversies regarding appropriate institutions for the formation and implementation of labour market and employment policies. They move on to focus on the policies and problems associated with enhancing gender equality in terms of labour market integration and transitions. Finally, they examine new institutional arrangements that they believe will both enhance the performance of transitional labour markets and improve the management of social risks. Combining a theoretical approach with empirical research and a strong policy emphasis, the scope and diversity of this book will ensure a broad audience amongst economists, political scientists and academics in the fields of labour market theory and policy.