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The Danish labor market, 2000–2020

Author

Listed:
  • Torben M. Andersen

    (Aarhus University, Denmark, and IZA, Germany)

Abstract

Denmark is often termed a “flexicurity” country with lax employment protection legislation, generous unemployment insurance, and active labor market policies. This model is not a safeguard against business cycles, but has coped with the Great Recession and the Covid-19 pandemic, avoiding large increases in long-term and structural unemployment. The pandemic has had severe effects due to restrictions and lockdowns, but the recovery and re-openings in late 2020 and spring 2021 have been strong, indicating that the labor market effects are mainly temporary. Recent reforms have boosted labor supply and employment. Real wage growth has been positive and responded—with some lag—to the developments in unemployment.

Suggested Citation

  • Torben M. Andersen, 2021. "The Danish labor market, 2000–2020," IZA World of Labor, Institute of Labor Economics (IZA), pages 404-404, November.
    • Handle: RePEc:iza:izawol:journl:2021:n:404
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    More about this item

    Keywords

    flexicurity; business cycles; structural policies; youth unemployment; immigration;
    All these keywords.

    JEL classification:

    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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