Lessons from the Danish economy

摘要

The most striking achievement of the successful Danish economy probably relates to labour market dynamism. The unemployment rate has been brought down from a high level and is now among the lowest in Europe. The Danish labour market model was dubbed "flexicurity" a few years ago, a combination of flexibility and social security. How is it possible to blend labour market flexibility, as in the Anglo-Saxon model, with a generous unemployment benefit system, as in the continental European model, while maintaining high job security and satisfaction levels?