addition to this, we also consider labor flexibility as an effective policy to deal with the adverse welfare effects of …

of labor market adaptability. The paper presents a quantitative indicator that tries to avoid a simplified flexibility …-rigidity dichotomy and provides a detailed picture of the varying institutional configurations by which flexibility is achieved. In order … to capture different patterns of flexibility, we differentiate between five types of flexibility which can be combined …

substitution. These conditions are then empirically investigated, in a framework that is flexible and does not lose its flexibility …

perspective taking into account different channels of external, internal and wage flexibility determined by both the institutional … permanent and temporary jobs, working time adjustment, wage flexibility and active and passive labour market policies. The paper … internal flexibility. At the same time, however, it appears that the crisis has - at least in some cases - contributed to a …