Labor Market Flexibility, Flexicurity and Employment: Lessons of the Baltic States
T. Paas, Raul Eamets
Nova Science Publishers, 2007 - Business & Economics - 198 pages
This book aims to throw light upon the main changes in the Baltic states labour markets, laying emphasis on the labour market flexibility, flexicurity and employment issues in the context of the EU eastward enlargement. The European labour markets of both old (EU-15) and new (EU-10) member states are facing big challenges in their current development. There are high expectations connected with improvement of competitiveness of European economy and enlargement of Euro area. Flexible labour markets help to maintain the expected quick economic growth and to adjust to possible asymmetric shocks of Euro area development. The particular significance of the labour market flexibility is also outlined by the Optimal Currency Area Theory (Mundell, 1961), which forms the theoretical framework for the EMU. At the same time a significant increase of labour market flexibility may due to possible increased employment and consequently also income insecurity causing weakening cohesion of a society. European citizens, particularly the citizens of the EU-15 countries, are used to rely on the European social model which stresses the importance of high social security, including also employment security. For improvement of economic growth and competitiveness, the new concept called flexicurity has been introduced. Flexicurity as a policy option in general meaning several ways of social protection for a flexible workforce, which may support social cohesion and sustainable economic growth in the long run perspective. This book brings together new research in this exciting field of economical studies.
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Demographic Development and Challenges
Labour Market Flexibility and Flexicurity
Macrolevel Labour Market Flexibility
2 other sections not shown
active labour market adjustment agriculture analysis Baltic countries Baltic labour markets calculations Cazes CEE countries compared contracts creation and destruction decline decrease demographic Eamets economic growth effect employees employment growth employment protection legislation enterprises Estonia and Latvia Europe European Commission European Union Eurostat excess job reallocation expenditures Figure firms flexicurity gross job human capital impact income indicators industries job creation job destruction job flows labour demand Labour Economics Labour Force Survey labour market flexibility labour market policies labour policy labour reallocation Latvia and Lithuania Latvia Lithuania Masso minimum wages mobility Nesporova OECD participation pension systems Poland poverty line poverty reduction strategies productivity growth regional regulations relatively Rutkowski sector share Slovenia social assistance social protection systems social security Source structural studies Table Tallinn three Baltic trade unions transition countries turnover unemployed unemployment rates union density University of Tartu wage flexibility worker flows World Bank