European Performances regarding Flexicurity. The Case of the New Member States

The revised Lisbon Strategy has decided upon an integrated programme of policy reforms envisaging the labor market in the context of globalization, demographic changes and fast technological progress, transposed into the integrated guidelines. Such reforms aimed at increasing the employment rates, at improving work quality and labor productivity and social and territorial cohesion; in other words, at updating and upgrading the European labor markets. In order to reach such aims, the flexicurity concept is increasingly considered and employed as a key strategic framework. Flexicurity itself may be defined as an integrated strategy aiming to improve both the labor market flexibility and job security, implying successful switching between educational system and labor market, between jobs, between unemployment and inactivity and employment, and between job and retirement. We propose a possible assessment of the perormances of the flexicurity policies by using certain composite indicators that allow for a multidimensional appraisal of flexicurity in the EU countries, providing also elements for comparison between the EU countries and regions (especially the new member states and their regions). Keywords: labor market, flexicurity, composite indices, new member states JEL Classification: J08, J20, R23, R28