Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/274644 
Year of Publication: 
2023
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 404v4 [Year:] 2023
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Denmark is often highlighted as a "flexicurity" country with lax employment protection legislation, generous unemployment insurance, and active labor market policies. This model has coped with the Great Recession and the Covid-19 pandemic, avoiding large increases in long-term and structural unemployment. The recovery from Covid-19 alongside re-openings has been swift, so labor market effects were temporary. A string of recent reforms has boosted labor supply and employment; although fiscal sustainability is ensured, demographic changes challenge the labor market. Real wage growth has been positive and responded-with some lag-to unemployment.
Subjects: 
flexicurity
business cycles
structural policies
youth unemployment
immigration
JEL: 
F44
L1
J1
J6
J61
Persistent Identifier of the first edition: 
Document Type: 
Article

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