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The Danish Flexicurity Triangle
The Danish flexicurity model is often conceptualized as a triangle with three interconnected poles that balance flexibility and security. These poles consist of: 1) flexible hiring and firing rules for employers, 2) a generous welfare system that provides income security, and 3) active labor market policies that ensure long-term employment security. The relationship between these components is visually represented in diagrams like Figure 2.26.
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Introduction to Macroeconomics Course
Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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Learn After
Figure 2.26: The Triangle of Danish Flexicurity
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Consider a labor market model built on three pillars: 1) flexible hiring and firing rules for employers, 2) generous income support for the unemployed, and 3) active policies to help the unemployed find new jobs. The stability of this model allows for the removal of the 'flexible hiring and firing rules' pillar without negatively impacting the effectiveness of the other two.
In a labor market model that grants employers significant flexibility to hire and dismiss staff, what is the primary function of a robust, publicly-funded income security system for the unemployed?
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