This paper presents some empirical evidence on the French labor market focusing on transitions between stable jobs, temporary work, unemployment and non-participation. The model used is based on a Markov chain mixture which allows to distinguish labor market histories that are confined to...

A specific attention is devoted to the 55+ age group when building global labour force projections regularly updated by Insee. This requires taking into account individual heterogeneity, because the impact of pension reforms on behavior is potentially very different across individuals. For...

The financial crisis originated in the United States in 2007 and, then, spread in all the economies of the world. After a drop in activity of historic magnitude, first signs of recovery were recorded in 2009. However, our study of previous banking crises that have taken place in OECD countries...

What would be the counterfactual wage of civil servants if they were employed in the private sector? Using the French European Household panel, we present a new approach to the wage differential between the public and the private sectors. We estimate a model, which controls both for selection...

Quantifying discrimination on the labour market is difficult on the sole basis of usual statistical sources, either surveys or administrative sources. The main problem stems from the impossibility of controlling for all variables that affect access to employment. Audit studies by pairs therefore...

During the 2008/2009 crisis French businesses were hit by a slump in domestic and world demand, while French banks encountered difficulties that may have encouraged them to tighten their credit conditions. This crisis strongly affected the number of business start-ups as well as the initial size...

The French cluster policy Pôles de compétitivité has been launched in 2004 to foster collaborations between firms, research institutions, and training institutions. Many firms taking part in these clusters have obtained subsidies to finance R&D collaborative projects involving other firms and...

Public debt is considered sustainable if discounted net repayments are expected to cover the initial debt issuance, i.e. if the government intertemporal budget constraint is expected to hold. With risk averse lenders and an uncertain economic environment, Bohn (1995) stresses that this...

This paper implements an affine term structure model that accommodates "unspanned" macro risks for the Euro area, i.e. distinct from yield-curve risks. I use an averaging-estimator approach to obtain a better estimation of the historical dynamics of the pricing factors, thus providing more...