The long-term equilibrium unemployment rate has returned to the center of the economic debate in France. It derives from two macroeconomic equations. Wages are the result of wage bargaining on the labor market (wage-setting equation) and firms set the corresponding level of employment...

According to the conventional wisdom, we face a trade-off between our equity and efficiency objectives. The author challenges this proposition. He shows in a rigorous manner that employment subsidies can indeed lead to lower unemployment and higher productivity growth in a standard economic...

French Abstract: L'impact d'une récession européenne induite par l'énergie sur l'Afrique subsaharienne]. L'UE est l'une des trois plus grandes économies du monde. Mais leur économie, qui souffre toujours de la pandémie de COVID-19 et des effets négatifs de la guerre russe en Ukraine, fait...

German Abstract: Die Auswirkungen einer energiebedingten EU-Rezession auf Subsahara-Afrika]. Die EU gehört zu den drei größten Volkswirtschaften der Welt. Doch ihre Wirtschaft, die immer noch unter der Corona-Pandemie und den negativen Auswirkungen des russischen Krieges in der Ukraine...

German Abstract: Boris Johnsons populistische Politik gegen Einwanderer und Asylsuchende, die in Ruanda in Internierungslagern inhaftiert werden sollen, droht an rechtlichen Zwängen zu scheitern. Dennoch wird seine politische Agenda angesichts der wachsenden Fremdenfeindlichkeit unter seiner...

This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

Declining natality and mortality are reshaping demographic patterns in most industrialized countries. We investigate the case of France where, after a few decades of sustained growth, active population is likely to stop growing and could eventually start decreasing. This will coincide with a...

This article analyses age differences in several labour market outcomes in France for participants of intensive case management programmes, delivered in 2009 and 2010 by the public employment service (PES) or private providers. These programmes are different from the intensive case management...