The Secret of the Israeli Labor Market’s Flexibility

Defining Israel's labor market as flexible conceals a little statistical lie. It is defined as flexible because most of it is – but it has big areas which are about as flexible as reinforced concrete.

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The Israeli labor market is extremely flexible. Any novice economist will tell you so. But why ask novices? The governor of the Bank of Israel herself, Karnit Flug, a labor market expert, says so too.