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Chômage à durée indéterminée

Author

Listed:
  • Marion Cochard
  • Eric Heyer

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Sabine Le Bayon

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Catherine Mathieu

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Paola Veroni

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Christine Rifflart

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Danielle Schweisguth

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Adjustment of employment to downturn in activity has been quite differentiated among major industrial countries. After estimating employment equations by country, differences in trend productivity and in the speed of adjustment of employment to activity are consistent with recent observed trends. In most countries accrued flexibility of the labour market has resulted in overadjustment of employment. In spite of the rapid increase in the unemployment rate governments have allocated only a minor share of stimulus packages to support employment and labour market developments have to rely on the global impact of stimulus plans. Therefore our short-term outlook entails a pick up in the productivity cycle with increasing unemployment rates.

Suggested Citation

  • Marion Cochard & Eric Heyer & Sabine Le Bayon & Catherine Mathieu & Paola Veroni & Christine Rifflart & Danielle Schweisguth, 2009. "Chômage à durée indéterminée," Post-Print hal-03456337, HAL.
    • Handle: RePEc:hal:journl:hal-03456337
    DOI: 10.3917/reof.111.0303
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03456337
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