Is Flexicurity Good in Bad Times? Evidence on worker security in Europe

Gabriele Mazzolini and Federica Origo ()

No 1401, Working Papers (2013-) from University of Bergamo, Department of Management, Economics and Quantitative Methods

Abstract: The aim of this paper is to assess the effect of flexicurity on different measures of workers’ perceived security during the economic crisis. According to flexicurity principles, if a country wants to increase flexibility by lowering employment protection, it should increase security by increasing expenditure on labour market policies to preserve worker wellbeing. Our empirical analysis, based on five waves of the Flash Eurobarometer survey on “Monitoring the social impact of the crisis” matched with Eurostat data on expenditure on labour market policies and OECD indicators of employment protection legislation, confirm that, even during the crisis, changes in policy mix according to flexicurity principles increase - ceteris paribus - both perceived job and employment security and the effect is usually greater on the latter. However, the adoption of the flexicurity strategy seems only partly to have higher effects on workers with initial low values of either job or employment flexicurity.

Keywords: flexicurity; economic crisis; job security; employment security; labour market policies (search for similar items in EconPapers)
JEL-codes: I38 J08 J65 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-eur
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Persistent link: https://EconPapers.repec.org/RePEc:brg:newwpa:1401

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