Report
Patrick Artus

France: Is social mobility likely to deteriorate further?

A recent study published by INSEE 1 shows that social mobility in France (measured by the change in income between generations) is low, but not as low as one might have feared. Is there a risk that social mobility will decline in the future? The risk is tied to labour market polarisation: if jobs concentrate at either end (high-skilled, well-paid jobs; low-skilled, poorly paid jobs), social mobility will definitely decline. We then look at the prospects for job creation in the future by occupation type. We see the prospect of increased labour market polarisation, as job vacancies and job creation are likely to concentrate at the two ends over the next 10 years: on the one hand, IT, managers, researchers, healthcare; on the other, cleaning, home assistance, warehouse handling, maintenance. This prospect of increased labour market polarisation points to a further decline in social mobility . 1 A new measure of intergenerational income mobility in France (Une nouvelle mesure de la mobilité intergénérationnelle des revenus en France) , INSEE Analyses, no. 73, 18 May 2022 .
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

Other Reports from Natixis

ResearchPool Subscriptions

Get the most out of your insights

Get in touch