The long-term equilibrium unemployment rate has returned to the center of the economic debate in France. It derives … compute a long-term equilibrium unemployment rate that depends, in France, on the terms of trade, the employer social … contributions rate for low-wage workers, and the real cost of capital. We finally include the wage-setting and price …

challenges this proposition. He shows in a rigorous manner that employment subsidies can indeed lead to lower unemployment and … simultaneously addressing structural unemployment and inequality. …