As regards labour-market reform and employment policies, the European Union currently touts the concept of 'flexicurity', aiming at simultaneously enhancing both flexibility and security in the labour market in view of the globalization of the economy and far-reaching demographic developments...

Flexicurity represents a concept that aims at enhancing both labour market flexibility and employment and income security. The European Union has picked up this concept in its European Employment Strategy, inspired by developments in a number of its member states. This paper describes the way...