Why is Unemployment in France so High?

High and persistent unemployment, as well as its composition, e.g., high youth unemployment, suggests underlying structural problems in the French labor market. Comparisons with other industrial countries, as well as time series and cross-section empirical evidence, point to a number of potential ca...

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Bibliographic Details
Main Author: Moghadam, Reza
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1994
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Why is Unemployment in France so High?  |c Reza Moghadam 
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300 |a 84 pages 
651 4 |a France 
653 |a Unemployment: Models, Duration, Incidence, and Job Search 
653 |a Wage Differentials 
653 |a Labor markets 
653 |a Labor market 
653 |a Nonwage Labor Costs and Benefits 
653 |a Plant Closings 
653 |a Wages, Compensation, and Labor Costs: Public Policy 
653 |a Economic theory 
653 |a Severance Pay 
653 |a Employment 
653 |a Private Pensions 
653 |a Labor 
653 |a Income economics 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Intergenerational Income Distribution 
653 |a Aggregate Human Capital 
653 |a Unemployment 
653 |a Wages 
653 |a Wage Level and Structure 
653 |a Unemployment Insurance 
653 |a Labour 
653 |a Demand and Supply of Labor: General 
653 |a Aggregate Labor Productivity 
653 |a Minimum wages 
653 |a Minimum wage 
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520 |a High and persistent unemployment, as well as its composition, e.g., high youth unemployment, suggests underlying structural problems in the French labor market. Comparisons with other industrial countries, as well as time series and cross-section empirical evidence, point to a number of potential causes of structural unemployment in France. These Include the generosity of long-term relative to short-term unemployment benefits, the minimum wage, the level of employers’ tax wedge, skills mismatch, and the cost of capital. The paper assesses recent labor market measures in France that are considered, on the whole, as a step in the right direction, and puts forward a number of additional possible measures which could help to ensure that when the economic recovery gathers pace, unemployment will decline more quickly and more substantially than in the past