Full employment in Europe : managing labour market transitions and risks /

1. The European employment objective: How 'full' can full
employment be? 1
1.1 Full employment reconsidered 3
1.2 Megatrends and challenges to the employment systems 9
1.3 Employment, labour market transitions and risk
management 23
2. The European Employment Strategy: How far away are we
from the Lisbon goals? 42
2.1 Introduction 42
2.2 Background of the EES 43
2.3 The open method of coordination 45
2.4 Experience with the first five years of the EES 47
2.5 The new employment strategy: 'Make something new
out of the old'? 52
2.6 Appraising the record and assessing future challenges 55
2.7 The future of the open method of coordination 64
3. Comparing the performance of employment systems:
Is jobless growth on the horizon? 72
3.1 A general framework of employment systems 74
3.2 An analytical framework for comparing employment
systems 79
3.3 The employment intensity of economic growth 88
3.4 Specific determinants of good employment
performance 101
4. Beyond employment performance: Is the Lisbon strategy on
the right track? 121
4.1 Elements of per capita GDP and its validation as a
measure of prosperity 122
4.2 Non-monetary aspects of 'full employment' 139
4.3 A broader view on employment performance 151
5. Risky transitions over the life course: Bridges or traps? 165
5.1 The end of the standard employment relationship? 166
5.2 On the theory of changing employment relations 178
5.3 The labour market for artists and journalists 185
5.4 Principles and forms of transitional labour markets 195
5.5 Summary and conclusions 208
6. Perception and management of social risks: 'In the past the
future always seems better'? 213
6.1 On the meaning, perception and framing of risks 214
6.2 On the methodology of risk analysis 219
6.3 Normative principles of risk-sharing 224
6.4 On the advantages of social insurance in comparison to
private savings 231
6.5 New directions for social and employment policy 235
7. New forms of governance in labour market policy: Are there
any limits to privatisation? 242
7.1 What does work in labour market policy? 243
7.2 What does not work and why? 248
7.3 Consequences of transitional labour markets for
governance 252
7.4 New forms of governance: Towards an ensuring state? 256
7.5 The 'ensuring state' from the perspective of German
labour market reforms 261
7.6 Taking stock of 'ensuring' labour market reforms 269
7.7 The limits of the 'ensuring state' 273
8. Managing risks through transitional labour markets: Can
flexibility and security be married? 281
8.1 Principles of managing transitions and risks 283
8.2 Managing risks of transitions between education and work 286
8.3 Managing risks related to transitions between jobs 292
8.4 Managing risks of transitions between work and family 295
8.5 Managing risks of transitions between employment and
unemployment 299
8.6 Managing risks of transitions between work and
retirement 305
8.7 Managing the nexus of flexibility and security 314
Bibliography 329