Persistent unemployment is recognized as one of the main mechanisms of social and political exclusion. The Dynamics of Full Employment provides a new and fresh approach to the question of full employment in contemporary society. It offers an internationally comparative, interdisciplinary approach to the dynamics of full employment and views the labor market not only as an economic institution, but as a social one. The authors argue that transitional markets - defined as legitimate, negotiated and politically supported sets of mobility options - are becoming essential ingredients of successful employment policies in modern societies. Social integration through participation in the labor market should not exclude productive activity in other spheres of life. The authors attempt to enhance the understanding, through empirical evidence, of the dynamics of modern labor markets and the theoretical foundation of transitional labor markets. They also aim to determine which arrangements (via institutional, legal and social security frameworks) might best be able to prevent or relieve structural unemployment. This innovative and original book will be of interest to both academics and policymakers in the fields of public policy and labor market, and employment policy in particular.