Flexibility and security: National social models in transitional labour markets

Aggregate and individual data are used to test the association between employment performance and different ways of reconciling flexibility and security in European labour markets. Particular use is made of statistics on individuals’ labour market transitions as revealed by national labour force surveys. The article compares the performance of three basic forms of labour market institutions: the uncoordinated liberal, or neoliberal one; flexisecurity; and the traditional welfare state model of labour security. The findings confirm the importance of coordinated collective bargaining and of values and trust. Keywords: Flexicurity, transitional labour markets, trust, European social model