Report
Patrick Artus

Is a high employment rate due to the success of individuals or the collective ability to create jobs?

There are two possible ways of obtaining a high employment rate: The individual success of people who set up their business, use new technologies and innovate; The collective ability to create salaried jobs in companies, which requires sufficient labour-force skills and a business-friendly tax environment. A comparison of OECD countries shows that the employment rate : Is not positively correlated to the number of self-employed, or the number of business start-ups; Is correlated to the skills of the labour force and young people, and (negatively) to the weight of corporate social contributions. It is therefore clearly the collective ability to create jobs that matters most.
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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