Chômage à durée indéterminée

Marion Cochard (), Eric Heyer, Sabine Le Bayon (), Catherine Mathieu (), Paola Veroni (), Christine Rifflart () and Danielle Schweisguth ()
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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

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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.

Keywords: Politiques du marché du travail; Travail; Productivité (search for similar items in EconPapers)
Date: 2009-10
Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03456337
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Published in Revue de l'OFCE, 2009, 111, pp.303 - 330. ⟨10.3917/reof.111.0303⟩

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Working Paper: Chômage à durée indéterminée (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03456337

DOI: 10.3917/reof.111.0303

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