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France: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 249
Language:
English
Publication Date:
13 Nov 2002
DOI:
https://doi.org/10.5089/9781451813531.002
ISBN:
9781451813531
ISSN:
1934-7685
Pages:
50
Keywords:
ISCR; CR; labor market; pair FR-IT; poverty program; unemployment locus; wage moderation; unemployment spending; Inflation; Employment; Neoclassical theory; Wages; Output gap; Global; Europe
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This Selected Issues paper for France provides an analytical framework to explain the consequences of the downward shift in the unemployment/wages relationship. This framework is also used to analyze possible changes in the equilibrium unemployment rate resulting from cuts in employers’ social security contributions and movements in the user cost of capital. The contribution of wage moderation to the reduction in the equilibrium unemployment is quantified. The paper also addresses the question of fiscal benefits of job-rich growth in France during 1997–2000.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund