Flexicurity – seen from a traditional economist position ● Slides from Torben M. Andersen et.al. 2007.

Flexicurity – seen from a traditional economist position

● Slides from Torben M. Andersen et.al. 2007

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Andersen, T. M. et al. CESifo Economic Studies 2007 53:389-429; doi:10.1093/cesifo/ifm015

Unemployment rates: Euroland and Denmark, 1970-2006 Source: OECD



Unemployment: search, registered and gross Note: Search unemployment is based on survey data and is measuring unemployed actively searching for a job, the gross unemployment rate equals the

registered unemployment rate plus people in activation, paid leave schemes and early retirement



Indicators of EPL and unemployment insurance generosity, OECD countries Note: Indicator for EPL is measured on a scale from 0 to 4 in 2003, and the replacement rate measures the average ratio of

benefits to wages calculated as an average over 5 years



Relative employment variability, OECD countries



Job creation and destruction in private sector in percent of total employment, Denmark 1981-2004 Note: Based on firm level data covering the entire population of Danish firms



Relative importance of short and long-term unemployment Note: Data applies to 2004



Income dependent replacement rates, Selected countries Note: Replacement rate in unemployment insurance schemes calculated on the basis of daily income and for single persons in countries

where benefits are dependent on socio-economic variables



Duration of unemployment benefits in selected countries Note: In the Netherlands, the extension depends on seniority



Changes to the social security system--eligibility and activation periods Note: The "right and duty" principle in the activation period was introduced in 1995



Shift in labour market policy: from infinite benefit duration to fixed time duration with workfare



Search, job creation, wages and unemployment Note: Based on simulations of theoretical model



Activation--Costs and extent Note: Costs are average cost of active labour market programmes per activated



The effects of workfare on the job finding rate



Empirical hazard rates for exit rates out of unemployment Source: Geerdsen (2006)



Sequence of activities for treatment group Source: Danish Economic Council (2007)



Low wages relative to maximum unemployment benefits Notes: Calculated as the hourly wage for decile 10 in the wage distribution



Employment creation across the wage distribution Note: The wages are hourly wages for the total Danish working population



Phillips curves: Nominal and real, 1981-1992 versus 1993-2005 Source: Own calculations based on data from Statistic Denmark



Sanction rates, 2002 and 2004 Note: The figure is based on data for all unemployed in the period from 2001 to 2005 and gives the sanction rate defined as the fraction of individuals who are

receiving a sanction in a given week of their unemployment spell compared to all individuals with similar spell duration



Age-dependent activation rate--unemployment insurance and social assistance Note: Activation rates are calculated on the basis of full-time equivalents relative to the group of unemployed with

unemployment insurance, and the group receiving social assistance, respectively

Flexicurity – seen from a traditional economist position ● Slides from Torben M. Andersen et.al. 2007.

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