Modern regulations in the labour market
Modern regulations in the labour market
The core of the project consists in the development of strategies to regulate the labour market. These concepts are not aimed at a single regulation field, but they regard the system of regulations as a whole, and take especially interactions between the individual components into consideration. For this purpose, elements from different regulation fields are combined into strategies that are considered as consistent, regarding their impact on one or more regulation targets. Within the context of this project, these targets comprise: employment, equality of opportunities, wealth, security and labour market flexibility.The project is divided into four parts: first, we characterize several European countries (United Kingdom, Netherlands, Austria and Denmark), where the labour market has been successfully regulated, and analyse their regulation strategies. Secondly, we develop case studies for three individual regulation fields (unemployment insurance, job protection and minimum wages/wage subsidies) and present theoretical and empirical evidence for their effects on the regulation targets, with particular emphasis on possible interactions with other fields and institutional features of the labour market. Furthermore, a meta-analysis evaluates the findings of previous studies about the impact of various regulation fields. Finally, policy recommendations are derived from the analysis; in the form of construction plans, we propose several alternative strategies for a consistent, targeted regulation of the labour market.