From Excess to Shortage - Recent Developments in the Danish Labour Market

28 Pages Posted: 8 May 2003

See all articles by Torben M. Andersen

Torben M. Andersen

University of Aarhus - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute); Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Date Written: April 2003

Abstract

The Danish labour market has undergone a remarkable change during the 1990s, with a reduction of the unemployment rate from about 12 per cent in 1993 to less than 6 per cent at the turn of the century. This reflects both a turn in the business cycle and also structural changes related to shifts in labour market policies. The focus of labour market policies has been changed from passive measures towards more active measures and there have also been important changes in the unemployment insurance system. This paper offers an overview of the developments in the Danish labour market during the 1990s, and reviews the major policy shifts, as well as possible explanations of the remarkable reduction in unemployment.

JEL Classification: J3, J6

Suggested Citation

Andersen, Torben M., From Excess to Shortage - Recent Developments in the Danish Labour Market (April 2003). Available at SSRN: https://ssrn.com/abstract=404580

Torben M. Andersen (Contact Author)

University of Aarhus - Department of Economics ( email )

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DK-8000 Aarhus C
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CESifo (Center for Economic Studies and Ifo Institute)

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Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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