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The Shortcomings of a Partial Release of Employment Protection Laws: The Case of the 2005 French Reform
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Author/Editor: |
Cahuc, Pierre | Carcillo, Stéphane |
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December 1, 2006 |
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Electronic Access: |
Free Full Text (PDF file size is 624KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: This paper proposes an ex ante evaluation of the effects of new labor contracts such as the "Contrat Nouvelle Embauche" (CNE) introduced in France in 2005. The lessons we draw are of sufficiently general interest to be applicable to other countries or reforms of employment protection laws. Using a model that captures the characteristics of the French labor market, we simulate the effects of this reform on unemployment, employment, and welfare. We estimate that the CNE will lead to the creation of 70,000 additional jobs in the long run, but at the cost of a slight deterioration in welfare.
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Order a print copy
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Series: |
Working Paper No. 06/301 |
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Subject(s): |
Employment policy | France | Labor markets | Social safety nets | Unemployment | Economic models |
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Author's keyword(s): |
Employment protection | labor contract | reform | search models |
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Published: |
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December 1, 2006 |
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ISBN/ISSN: |
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1934-7073 |
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Format: |
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Paper |
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Stock No: |
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WPIEA2006301 |
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Pages: |
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40 |
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Price: |
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US$18.00 (Academic Rate: US$18.00 )
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