Nordic model and Flexicurity
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Nordic model and Flexicurity
kosovohp Fri Dec 03, 2010 11:57 pm
After deregulating the labour market in the 1990s, Denmark has one of the most free labour markets in European countries. According to World Bank labour market rankings, the labour market flexibility is at the same levels as the United States. Around 80% of employees belong to unions and the unemployment funds that are attached to them, but the percentage is falling. Labour market policies is mainly determined in negotiations between the workers' unions and employers' unions, and the government only interferes if labour strikes extend for too long.
Despite the success of the trade unions, a growing number of people make contracts individually rather than collectively, and many (four out of ten employees) are contemplating dropping especially unemployment fund but occasionally even union membership altogether. The average employee receives a benefit at 47% of their wage level if they have to claim benefits when unemployed. With low unemployment, very few expect to be claiming benefits at all. The only reason then to pay the earmarked money to the unemployment fund would be to retire early and receive early retirement pay (efterløn), which is possible from the age of 60 provided an additional earmarked contribution is paid to the unemployment fund.[87]
The unemployment rate for December 2007 was 2.7%, for a total of 74,900 persons, a reduction by 112,800 persons—2,400 per month—or 60% since December 2003.[88] The Eurostat unemployment number for August 2008 is 2.9%. This has been achieved by employing more than 38% (800,000 people)[89] of the total workforce in public sector jobs. Another measure of the situation on the labour market is the employment rate, that is the percentage of people aged 15 to 64 in employment out of the total number of people aged 15 to 64. The employment rate for Denmark in 2007 was 77.1% according to Eurostat. Of all countries in the world, only Switzerland with 78.% and Iceland with 85.1% had a higher employment rate.
In December 2008, Statistics Denmark reported that 100,000 Danes were affected by unemployment in the third quarter of 2008. Of these, 62% received a job within two months, and 6% had been unemployed for two years or more.
Uniting People through Art
evening dresses
Despite the success of the trade unions, a growing number of people make contracts individually rather than collectively, and many (four out of ten employees) are contemplating dropping especially unemployment fund but occasionally even union membership altogether. The average employee receives a benefit at 47% of their wage level if they have to claim benefits when unemployed. With low unemployment, very few expect to be claiming benefits at all. The only reason then to pay the earmarked money to the unemployment fund would be to retire early and receive early retirement pay (efterløn), which is possible from the age of 60 provided an additional earmarked contribution is paid to the unemployment fund.[87]
The unemployment rate for December 2007 was 2.7%, for a total of 74,900 persons, a reduction by 112,800 persons—2,400 per month—or 60% since December 2003.[88] The Eurostat unemployment number for August 2008 is 2.9%. This has been achieved by employing more than 38% (800,000 people)[89] of the total workforce in public sector jobs. Another measure of the situation on the labour market is the employment rate, that is the percentage of people aged 15 to 64 in employment out of the total number of people aged 15 to 64. The employment rate for Denmark in 2007 was 77.1% according to Eurostat. Of all countries in the world, only Switzerland with 78.% and Iceland with 85.1% had a higher employment rate.
In December 2008, Statistics Denmark reported that 100,000 Danes were affected by unemployment in the third quarter of 2008. Of these, 62% received a job within two months, and 6% had been unemployed for two years or more.
Uniting People through Art
evening dresses
kosovohp- Posts : 381
Join date : 2010-09-07
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