The Danish labour market is widely known for its so-called 'flexicurity' model, combining labour market flexibility with social security and active labour market policies. The model features relatively flexible rules regarding hiring and dismissal, high income compensation in periods between...

This report examines recent labour market developments from a macroeconomic perspective, with the aim of shedding light on the interaction of employment trends with others macroeconomic developments such as GDP and productivity growth in 2005. It presents in a comprehensive way the main findings...

This report examines the short- and long-run wage-price setting mechanisms in the European Union (EU), their main determinants and the impact on employment and unemployment in order to achieve a better understanding of the cyclical pattern and the absorption of nominal and real shocks which can...

This report examines recent labour market developments from a macroeconomic perspective, with the aim of shedding light on the interaction of employment trends with others macroeconomic developments such as GDP and productivity growth in 2004. It presents in a comprehensive way the main findings...

This study aims at examining transitions in and out of labour market as well as transitions from one benefit to another. More specifically, it analyses incentive structures embedded in benefit and tax systems which may affect such transitions. This involves benefit levels compared to income from...

The flexibility of the Polish labour market has served the economy well and has hitherto supported its catching-up process with the rest of the EU. It was instrumental in achieving and safeguarding cost competitiveness, which in turn allowed exports to gain market share and, ultimately,...

This Country Focus discusses the effects of the reform of the severance payment regime on job-to-job mobility in Spain. Job-to-job mobility is important in the process of allocation of resources towards more productive sectors and companies. Prior to the reform in 2012, Spanish employees hired...

The government wage bill represents a significant share of total public expenditures. Given its relevance, developments of government wages are likely to produce significant effects on the whole labour market, public finances and the overall economy. This paper looks at the interlinkages and...