The Danish Employment System

Well, had we moved to Copenhagen this summer, one or both of us might be going through this:

"In Denmark, unemployment benefits equal 90 percent of an employee's salary up to a ceiling of 14,000 kroner (1,850 euros, 2,245 dollars) a month.

The flexibility of the Danish labour market model, dubbed "flexsecurity", enables employers to hire and fire easily without having to pay expensive social costs.

At the same time, employees enjoy a high level of social welfare and the chance to undergo government-subsidized retraining programs if they lose their jobs, in a country where taxes are among the highest in Europe."

The rest of the story here: Yahoo! News - Monday, Oct. 24, 2005

-RP-