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Les marchés du travail dans la crise

Author

Listed:
  • Marion Cochard
  • Gerard Cornilleau

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Eric Heyer

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

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.

Suggested Citation

  • Marion Cochard & Gerard Cornilleau & Eric Heyer, 2010. "Les marchés du travail dans la crise," Post-Print hal-03460151, HAL.
    • Handle: RePEc:hal:journl:hal-03460151
    DOI: 10.3917/reof.113.0261
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03460151
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    Keywords

    Chômage; Productivité; Emploi;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

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