Flexicurity and the Danish labour market Facts and figures.

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Presentation transcript:

Flexicurity and the Danish labour market Facts and figures

The three elements of flexicurity Unemployment insurance system SOURCE: Madsen (2001) Active labour market policy Flexible labour market Many job openings The ”learnfare” model High level of compensation

Unemployment Per cent SOURCE: OECD (Employment Outlook, 2008). Japan EU 15 Denmark USA

Employment Security Scale from 1-10 – the higher the number the more secure, 2001 NOTE: Figures in brackets are unemployment rates in SOURCE: CEPS (2004) and Eurostat. (3,9)(4,8)(3,9)(7,0)(8,4)(7,7)(8,2)(4,4)(5,3)(6,8)(9,4)(8,6)(7,7)(8,9)

Is Globalization a Threat or an Opportunity? SOURCE: The European Commission Special Eurobarometer, The Future of Europe, May 2006.

Low job tenure in Denmark Average job tenure, years SOURCE: OECD (2004) and Eurostat (2005).

Labour Market Regulation by law Index, the lower the number the less regulation, 2003 SOURCE: OECD, 2004.

Regulation by law and Unemployment Unemployment, per cent 2003 Employment regulation index 2003 UK IE DK AT IT FI NL BE DE SE GR FR ES PT US JP Estimated line NOTE: A high number reflects tight regulations. SOURCE: OECD (2004).

Flexibility in Wage Setting Per cent of employees where wages are negotiated CentrallyLocally, but minimum wage centrally negotiated Locally NOTE: DA/LO area. SOURCE: DA. 23 4

Participation in Continuing Education Per cent of employed, 2003 NOTE: Covers non-formal job-related continuing education and training over the previous 12 months. SOURCE: OECD (2006).

Educational Attainment Per cent of labour force (25-64 year-olds) with higher education SOURCE: OECD and the UN Israel Canada USA Japan Finland Sweden Belgium Denmark Ireland Netherlands Korea UK Spain Switzerland Iceland Germany Luxembourg New Zealand Norway Australia France Israel Canada Japan USA Finland Sweden Belgium Denmark Norway Australia Netherlands UK Spain Switzerland Germany Luxembourg New Zealand France Korea Ireland Iceland

People on public benefits 1,000 people, 2006 SOURCE: Statistics Denmark. Employable Less employable Job training, rehabilitation, etc. Early retirement (including year old pensioners)

Expenditure on Labour Market Measures Per cent of GDP, 2005 SOURCE: OECD (Employment Outlook, 2007).

The Danish Pension System Public old age pension and supplementary mandatory pension scheme (ATP) Labour market supplementary pensions Individual pensions