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Labour Market Flexibility – Impact on the Economy

There is a widespread consensus among mainstream economists that more labour market flexibility (like in the US) is more likely to be associated with better economic performance because of the more fertile ground for innovation and productivity compared to the welfare states of Europe where labour market has a stricter feature (See Chart 1). As Sapir noted: “The stricter the employment protection legislation of a mod
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Re-employment Challenges in the EU2020 Strategy – Consequences for Hungary

Kovács, O. (2010): Re-employment Challenges in the EU2020 Strategy – Consequences for Hungary. News of the Month, ICEG European Center, August 2010 pp. 8-13. The paper analyses the challenges regarding the shift from unemployment to re-employment by looking at the EU as well as the path of Visegrád countries. We argue that the efficacy of the EU2020 regarding the active labour market policy will depend on its real im
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