Transitional Labour Markets (TLM) - defined as legitimate, negotiated and politically supported sets of various employment options in critical events over the life course - are an essential ingredient of modern full employment strategies. After assessing the European Employment Strategy, this...

We sketch a visionary strategy for Europe in which full employment is quickly regained by 2020, income inequality is reduced and the economies are more sustainable. We call this scenario "vibrant". It is contrasted with what would happen if present policies continue within the European Union...