The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …

. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …

labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

contracts unchanged. Recent reforms in France follow this pattern. Using a search-matching model, we argue that this type of … EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …

relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …

policy discussion draws on international reform experience and on simulations based on a calibrated labor market matching …

flexibility with state-provided unemployment insurance and can be applied only to new entrants in the market without affecting the …