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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 ...
In the Rehn-Meidner model, active labour market policy shall sustain full employment but also speed up the transfer of labour to dynamic companies and industries. Rehn argued for mobility-enhancing labor-market policies, including high unemployment benefits, based on a notion of "security by wings" rather than "security under shells."
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.
Adriana Kugler and Giovanni Pica (2003): Effects of Employment Protection and Product Market Regulations on the Italian Labor Market. Journal of Economic Literature, November 12, 2003, p. 7. Downloadable [7]. Edward Lazear (1990): Job Security Provisions and Employment. Quarterly Journal of Economics, 105(3): 699–726.
External numerical flexibility is the adjustment of the labour intake, or the number of workers from the external market. This can be achieved by employing workers on temporary work or fixed-term contracts or through relaxed hiring and firing regulations or in other words relaxation of employment protection legislation, where employers can hire and fire permanent employees according to the ...
Social expenditure under this commission's policy accounted for 4.8% of the total budget between 1997 and 2003, compared to 2.3% between 1990 and 1996. [2] This expansion led to the creation of what is classified as "non-regular labor" by the Korean government, which were originally meant to curb unemployment during the market recovery.
Jill Rubery (born 4 November 1951) is a Professor of Comparative Employment Systems at Alliance Manchester Business School (AMBS) at the University of Manchester. [1] Her research focuses on comparative analyses of employment systems with a specialisation in gender and labour market structure.
Front page of the National Industrial Recovery Act, as signed by President Franklin D. Roosevelt on June 16, 1933. The National Industrial Recovery Act of 1933 (NIRA) was a US labor law and consumer law passed by the 73rd US Congress to authorize the president to regulate industry for fair wages and prices that would stimulate economic recovery.