Report
Patrick Artus

Can the gap between the employment rates in Germany and France be explained?

The employment rate is far higher in Germany than in France (76% versus 65% for 15-to 64-year olds in 2018), and this gap has worsened since 2004. Can we explain why there is such a wide gap between the German and the French employment rates? Possible explanations are: The youth employment rate (skewed by apprenticeship in Germany) and the retirement age; The difference between labour force skills; The gap between the levels of competitiveness and labour costs, and therefore the size of industry; Low-skilled labour costs and the capacity to create unsophisticated service jobs. The most relevant explanations seem to be: Obviously, the youth employment rate and the retirement age; Skills; The decline in manufacturing employment in France, but not the level of service jobs.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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