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Flexicurity (a portmanteau of "flexibility" and "security") is a welfare state model with a pro-active labour market policy. The term was first coined by the social democratic Prime Minister of Denmark Poul Nyrup Rasmussen in the 1990s. The term refers to the combination of labour market flexibility [1] in a dynamic economy and security for ...
Active labour market policies are based on the concept of social investment, which rests on the idea of basing decision-making on the welfare of society in quantifiable terms, by increasing the employability, incomes and productivity of economic agents, so this approach interprets state expenditure not as consumption but as an investment that will produce returns on the welfare of individuals.
Labor market interventions are policies and programs designed to promote employment, the efficient operation of labor markets, and the protection of workers. Social insurance mitigates risks associated with unemployment, ill-health, disability, work-related injury, and old age, such as health insurance or unemployment insurance.
Social dialogue (or social concertation) is the process whereby social partners (trade unions and employer organisations) negotiate, often in collaboration with the government, to influence the arrangement and development of work-related issues, labour market policies, social protection, taxation or other economic policies. It is a widespread ...
The EPSR is most widely mentioned in the areas of education, anti-discrimination, and active labour market policy. [ 13 ] After the Commission issued a legal package of ESPR, it included three key elements of legal dimensions, content and address of the regulation.
Although employment protection legislation is only one aspect of the wide range of regulatory interventions in the labour market, Nicoletti et al. (2000) find evidence suggesting that, across countries, restrictive regulatory environments in the product market tend to be associated with restrictive employment protection policies.
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The labour market policies fall under the responsibilities of the Ministry of Employment. The responsibilities considered to be a part of the welfare system includes unemployment benefits, activation benefits, employment services, employment programs, job and development guarantees, starter jobs, and the European Social Fund.