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Transitional labour markets: Managing social risks over the lifecourse


  • Schmid, Günther


Women and men increasingly face work-related critical events during their lifecourse and experience risks that are not fully covered by unemployment insurance or other work related insurances. Social risk management of transitional labour markets (TLMs) aims at supporting people in navigating risky transitions between various employment relationships or between unpaid (but nevertheless productive) work and gainful employment through social insurance, continuous education or training and employment services differentiated according to the type of risk. This essay outlines the theory of TLMs by starting with a critical review of the concept of flexicurity. It argues that the concept needs theoretical underpinning in order to avoid its arbitrary use for various political interests. It continues by developing the general principles and strategies of social risk management and provides examples on how to successfully manage social risks over the lifecourse in view of the ongoing process of revising the Lisbon strategy. The article ends by recommending the establishment of a worklife insurance consist-ing of three pillars: a universal basic income guarantee, the extension of unemployment insur-ance to employment insurance, supplemented by private or collectively bargained insurance systems.

Suggested Citation

  • Schmid, Günther, 2007. "Transitional labour markets: Managing social risks over the lifecourse," Discussion Papers, Research Unit: Labor Market Policy and Employment SP I 2007-111, Social Science Research Center Berlin (WZB).
  • Handle: RePEc:zbw:wzblpe:spi2007111

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    References listed on IDEAS

    1. Günther Schmid & Bernard Gazier (ed.), 2002. "The Dynamics of Full Employment," Books, Edward Elgar Publishing, number 1980.
    2. repec:ilo:esbook:ebook7 is not listed on IDEAS
    3. David Metcalf, 2007. "Why Has the British National Minimum Wage Had Little or No Impact on Employment?," CEP Discussion Papers dp0781, Centre for Economic Performance, LSE.
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    Cited by:

    1. Sergey Drobyshevsky & Elizaveta Khudko & Elena Velikova, 2010. "Prospects for International Financial Center in the Russian Federation," Research Paper Series, Gaidar Institute for Economic Policy, issue 139P.
    2. Schmid, Günther & Modrack, Simone, 2008. "Employment dynamics in Germany: Lessons to be learned from the Hartz reforms," Discussion Papers, Research Unit: Labor Market Policy and Employment SP I 2008-102, Social Science Research Center Berlin (WZB).

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