This book begins by examining the state of the stable employment relationship in the context of rapid globalization and technological change. Mass dismissals, high unemployment, and the rise of part-time and temporary jobs reveal that work in the new labor market is very different from that of the past.
However, the authors present convincing evidence that the long-term employment relationship is more resilient than is commonly thought. While offering a comparison of employment stability and flexibility in 16 OECD countries, the book provides a detailed analysis on the type of labor market regulations needed to ensure a balance of employment flexibility and security. In particular, it studies the linkages between employment protection and labor market policies in Denmark, France, Japan, and the United States.