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Abstract: The paper examines the issue of flexicurity in the EU Member States and studies the association between flexicurity policy components (i.e. employment protection legislation, lifelong learning programs, active and passive labour market policies) and labour and total factor productivity growth in 20 EU Member States over the 19912008 period. The empirical analysis pointed on the existence of large differences in the level of implementation of flexicurity policies across EU Member States, by which the least successful are NMS, especially with regard to active labour market and lifelong learning programs. As regards the relation between flexicurity variables and productivity growth, panel regression estimates showed that active labour market policies and participation in lifelong learning programs have a statistically significant positive association with labour and total factor productivity growth. On the other hand, rigid employment protection and high expenditures for passive labour market policies negatively relate to productivity growth.
Found in: ključnih besedah
Summary of found: ...legislation, lifelong learning programs, active and passive labour market policies) and labour and total factor...
Keywords: flexicutiry, labour market, productivity, European Union
Published: 15.10.2013; Views: 1731; Downloads: 63
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Found in: ključnih besedah
Summary of found: ...economic efficiency, productivity, factors, labour, capital, ...
Keywords: economic efficiency, productivity, factors, labour, capital
Published: 15.10.2013; Views: 1125; Downloads: 28
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Abstract: The paper analyses the state of implementation of flexicurity policy components in the NMS and, by using panel regression analysis, estimates the relationship between flexicurity policy components (i.e., employment protection legislation, expenditures for active employment policies, participation in lifelong learning and net replacement rate) and labour productivity and long-term unemployment. The empirical analysis showed that the labour markets in the NMS are, on overall, not more rigid than the labour markets in the EU-15, however problematic remain low expenditure for active labour market policies, education and social protection and low participation in lifelong learning. NMS must, according to the results of the panel linear regression, improve their performance in mentioned areas in order to improve their labour productivity and decrease long-term unemployment.
Found in: ključnih besedah
Summary of found: ...lifelong learning and net replacement rate) and labour productivity and long-term unemployment. The empirical analysis...
Keywords: flexicurity, labour market, productivity, unemployment, European Union
Published: 15.10.2013; Views: 1538; Downloads: 18
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