Theoretical and Applied Economics (Nov 2012)
The Anglo-Saxon model of employment in the current economic context. The case of United Kingdom
Abstract
The Anglo-Saxon model of employment has certain features that derive from the specificity of the political and economic system of Great Britain. The labour market policies in the United Kingdom were different depending on the historical and political period; however, the Anglo-Saxon model is characterized mainly by high flexibility but low security. This paper presents the main features of the Anglo-Saxon model of employment, compared to the Nordic and the Mediterranean model and shows Britain’s economic situation before and after the crisis.