Les marchés du travail dans la crise

Marion Cochard (), Gerard Cornilleau () and Eric Heyer
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Gerard Cornilleau: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

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Abstract: As a consequence of the economic crisis, the labor market situation has deteriorated sharply in major developed countries. However, the increase in unemployment masks a relative resistance to an outstanding production shock. This resistance is primarily due to the low and incomplete adjustment of employment. It is also related to changes in activity rates that traditionally absorb employment shocks because of workers discouragement. We detail labor market reaction in seven major countries. We first show that, except for Spain and the United States, the employment adjustment is not finished yet. Then, we show that differences in employment adjustment can be partly explained by internal flexibility (changes in working time and labor costs). Finally, we analyze how the deterioration of labor market impacts unemployment by studying activity behaviors.

Keywords: Chômage; Productivité; Emploi (search for similar items in EconPapers)
Date: 2010-04
Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03460151
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Published in Revue de l'OFCE, 2010, 113, pp.261 - 282. ⟨10.3917/reof.113.0261⟩

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Journal Article: Les marchés du travail dans la crise (2010)
Working Paper: Les marchés du travail dans la crise (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03460151

DOI: 10.3917/reof.113.0261

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