Report
Patrick Artus

Why is the low-skilled employment rate so low in France, Spain and Italy?

Relative to the other large OECD countries, France, Spain and Italy are characterised by a low employment rate, which results primarily from a low employment rate among the low-skilled. Why is the low-skilled employment rate so low in these three countries? We look at the various possible explanations , comparing across OECD countries: Low-skilled labour costs; Labour market rules; The skill level of the low-skilled; Growth in unsophisticated services. Given the role s of the various possible explanatory variables, the only pertinent one seems to be the low skill level of the low-skilled in France, Spain and Italy.
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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