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Before the great recession of 2008-2009, the "flexicurity" model (with flexibility for firms to adjust their labor … well-functioning flexicurity model? Flexible hiring and firing rules are expected to lead to large adjustments in …
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Labor market segmentation refers to a salient divide between secure and insecure jobs and is related to problems in important areas, including macro‐economic efficiency, workers' wellbeing and repercussions for social cohesion. European countries have started a new wave of labor market reforms...
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The paper provides a theoretical rationale for flexicurity policies, which consist of low employment protection …, generous unemployment insurance and active labor market programmes. It analyzes in which conditions flexicurity can be optimal … flexicurity is optimal, and where it is not optimal. …
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