Report
Patrick Artus

Instead of wanting to increase redistribution in France further, it would be better to try to do without such a high level of redistribution

France has a high level of primary income inequality (before redistribution), linked to the low employment rate. It has therefore implemented large-scale redistributive policies (minimum income, various transfer payments to households, etc.). An often heard argument is that France should be proud of this model with very significant redistributive policies, and that these policies should even be amplified. This is approaching the problem the wrong way round . What should be hoped is that the rise in the employment rate, particularly as a result of an increase in skills, will reduce primary income inequality and the need for and the scale of the redistributive policies.
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