a column by Luc Laeven, Peter McAdam and Alexander Popov for VOX: CEPR’s Policy Portal
There are good arguments both in favour and against the idea that more labour market flexibility will deliver benefits to an economy during a downturn.
This column presents novel evidence on this question, using data from Spain during the 2008–09 credit crunch.
The results show that credit-constrained firms grow faster if they are subject to less strict firing and hiring restrictions, as long as they are technologically able to substitute labour for capital. The findings provide an argument in favour of more flexible labour laws.
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Showing posts with label labour_market_flexibility. Show all posts
Showing posts with label labour_market_flexibility. Show all posts
Monday, 17 December 2018
Friday, 26 April 2013
Flexibility and security? `Flexicurity' and its implications for lifelong guidance
an article by Ronald G. Sultana (University of Malta, Msida) published in British Journal of Guidance and Counselling Volume 41 Number 2 (April 2013)
Abstract
This article sets out to trigger research and policy attention among the career guidance community to the increasingly important notion of `flexicurity'.
It first explores the different meanings of the term, particularly as these have evolved in discussions across the European Union. It then goes on to consider why `flexicurity' has attracted so much policy interest, particularly in its promise to both support labour market competitiveness and increase economic efficiency on the one hand, while protecting the interests of workers on the other.
Next, the article documents some of the key debates around the notion of flexicurity, highlighting the fact that any consideration of `flexicure' arrangements needs to be empirically grounded in time and space, and carefully contextualised.
The article concludes by making a series of critical reflections on the need to `insert' career guidance in the European discourse on `flexicurity'.
Abstract
This article sets out to trigger research and policy attention among the career guidance community to the increasingly important notion of `flexicurity'.
It first explores the different meanings of the term, particularly as these have evolved in discussions across the European Union. It then goes on to consider why `flexicurity' has attracted so much policy interest, particularly in its promise to both support labour market competitiveness and increase economic efficiency on the one hand, while protecting the interests of workers on the other.
Next, the article documents some of the key debates around the notion of flexicurity, highlighting the fact that any consideration of `flexicure' arrangements needs to be empirically grounded in time and space, and carefully contextualised.
The article concludes by making a series of critical reflections on the need to `insert' career guidance in the European discourse on `flexicurity'.
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