The ageing of the European population gave rise to heated discussions. Most participants recommended severe reductions of public pensions, a shift towards a funded system and increased savings of the current generation to reduce the burden of the next one. The paper elaborates five...

Flexicurity, an "integrated strategy to simultaneously strengthen flexibility and security in the labour market", is perceived both by the European Union and in economic policy discussion as a tool to overcome current weaknesses in the labour market. In actual practice, flexicurity was typically...