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ERIC Number: EJ987550
Record Type: Journal
Publication Date: 2012
Pages: 7
Abstractor: ERIC
Reference Count: 10
ISBN: N/A
ISSN: ISSN-0276-8739
European Labor Market in Critical Times: The Importance of Flexicurity Confirmed
Caspar, Sigried; Hartwig, Ines; Moench, Barbara
Journal of Policy Analysis and Management, v31 n1 p154-160 Win 2012
The midterm impact of the economic crisis on the employment situation in the EU member states varied largely (European Commission, 2010a, Chapter 1). Whereas the Baltic States, Ireland, and above all Spain registered job losses of more than 10 percent from immediately before to after the crisis, that is, between the second quarter of 2008 and the second quarter of 2010, in other countries such as Poland, Germany, Austria, and Belgium the employment rate in 2010 was similar to its level in 2008. In spite of their diversity, member states sought to respond to the crisis in a coordinated and mutually reinforcing way by launching the European Economic Recovery Plan (EERP) in December 2008 (European Commission, 2008). Labor market policies form an important part of the EERP. Active labor market measures included training, employment incentives, supported employment and rehabilitation, direct job creation, and start-up incentives. Passive labor market measures included out-of-work income support, short-term work, and early retirement. In spite of the positive effects of recently implemented recovery measures, their achievements could soon be lost if efforts do not continue to redress the persistent structural obstacles in many member states' labor markets, which constitute the main threat for the future. Labor market segmentation has a prominent place among these structural obstacles, if only because it weighs most heavily on young people and their employment prospects, directly endangering the future competitiveness of the EU economy. Altogether it can be summarized that so far recovery from the crisis is smoother where the government had already started to implement a balanced flexicurity (combination of flexibility and security in working arrangements) approach before the crisis and structural modernization of the labor market institutions was already advanced. (Contains 4 footnotes.)
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Publication Type: Journal Articles; Opinion Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: European Union