Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A welfare state model with a proactive labour market policy, combining easy hiring and firing (flexibility for employers) and high benefits for the unemployed (security for the employees).

Etymologies

Blend of flexibility and security, coined by Danish prime minister Poul Nyrup Rasmussen in the 1990s. (Wiktionary)

Examples

  • He recommended "flexicurity" -- which mixes lifelong learning and job training, flexible labour market policies and high levels of social protection -- as the way to modernise Europe's labour policies.

    EU News

  • That's largely because of a system called flexicurity that gives employers the freedom to hire and fire, while the state supports laid-off workers with generous benefits and training.

    Can The European Welfare State Survive?

  • Restructured to compete globally, it enacted "flexicurity"-an important pre-text in setting the stage for Denmark's brain-powered environment.

    Forbes.com: News

  • With these revenues, the state spends roughly 5 percent of its GDP on the unemployed and as much as 2 percent alone on "flexicurity" labor market programs to help retrain displaced workers.

    Eric Alterman: Think Again: The Economist's "Happy" Ignorance

  • Denmark, once hailed for its "flexicurity" system (state-subsidized programs offering temporary work to prevent layoffs, job training and up to four years of assistance for those without work), is lopping the program in half.

    How to Create Jobs

  • Many have been inspired by an idea that has its root in Denmark, where the former social democrat prime minister, Poul Nyrup Rasmussen, coined the phrase "flexicurity".

    How Britain's new welfare state was born in the USA

  • They've evolved a system they call "flexicurity," where they have the system of labor market flexibility that we've traditionally had, so you don't get the folks stuck in jobs when industries are changing.

    The Tyranny Of Old Ideas

  • This system of "flexicurity" seems to work pretty well.

    Don't Let Tyrone Off So Easily, Bryan Caplan | EconLog | Library of Economics and Liberty

  • In Japan, many people admire "work-sharing" in the Netherlands and "flexicurity" in Denmark, and say we should follow suit.

    The Nuances of EU Unemployment, Bryan Caplan | EconLog | Library of Economics and Liberty

  • We must speed up the implementation of the "flexicurity" approach and focus in particular on three aspects: working-time flexibility to allow more temporary and part-time hiring, lower nonwage labor costs such as pension and unemployment contributions, and education and training.

    What Industry Wants

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