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The French Labour Market and the (Not So) Great Recession

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  • Philippe Askenazy
  • Christine Erhel

Abstract

The global performance of the French labour market since the beginning of the great recession is in line with that of previous recent recessions. France's unemployment rate is still far from the historical spike recorded in the mid-1990s. The number of unemployed is comparable to that of the very flexible UK labour market, and is clearly lower when it comes to youth unemployment. Cyclical policies, typical French institutions and recent structural reforms explain this fairly steady trend. The outlook, however, is alarming with a real risk of high unemployment in the long-term. The first two sub-sections attempt to disentangle the impacts of the great recession and the associated cyclical policies on the one hand and the (non-)consequences of Sarkozy's structural reforms on the other. The final section proposes alternative policy packages.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Philippe Askenazy & Christine Erhel, 2012. "The French Labour Market and the (Not So) Great Recession," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(02), pages 08-13, August.
    • Handle: RePEc:ces:ifodic:v:10:y:2012:i:02:p:08-13
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    References listed on IDEAS

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    1. Anthony Briant & Miren Lafourcade & Benoît Schmutz, 2015. "Can Tax Breaks Beat Geography? Lessons from the French Enterprise Zone Experience," American Economic Journal: Economic Policy, American Economic Association, vol. 7(2), pages 88-124, May.
    2. Matthieu Bunel & Fabrice Gilles & Yannick L’Horty, 2009. "Les effets des allégements de cotisations sociales sur l’emploi et les salaires : une évaluation de la réforme de 2003," Économie et Statistique, Programme National Persée, vol. 429(1), pages 77-105.
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    Cited by:

    1. Amélie Barbier-Gauchard & Francesco de Palma & Giuseppe Diana, 2013. "Why could Northern labor market flexibility save the eurozone?," Working Papers of LaRGE Research Center 2013-08, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.

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    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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