For anyone who thinks that flexibility and social security are mutually exclusive, Denmark offers an interesting example. The Danes have what they call “flexicurity” – flexible labour market but at the same time offering social security and opportunities for education and learning new skills. But it’s also a country that combines high private debt with high productivity, and – for the time being – with unemployment at 40-year low.
This is what we hear on the Morning Macro Weekend Edition this week in an interview with Tore Stramer, chief economist at Nykredit, Denmark.
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