Tresor-Economics - Trésor Info | Direction générale du Trésor

Trésor-Eco

Trésor-Economics No. 179 - What are the economic consequences of obesity and how to tackle them?

Rédigé par : DG Trésor 06 septembre 2016

Overweight and obese people make up just under half of the French population, but they account for a disproportionate share of healthcare expenditure (56% for outpatient care and probably more for inpatient care). Excess bodyweight has particularly negative consequences for human health, raising morbidity by the heightened risk of chronic disease, and raising mortality, as 13% of deaths recorded i... Lire la suite

Trésor-Eco

Trésor-Economics No. 178 - The October 2015 agreement on France's complementary pension schemes for private-sector employees (AGIRC and ARRCO)

Rédigé par : DG Trésor 30 août 2016

France has two points-based pay-as-you-go compulsory complementary pension schemes for private-sector employees: AGIRC covers managerial and executive staff (cadres), and ARRCO covers non-executives (non-cadres). The schemes were established in the second half of the twentieth century and are managed directly by the social partners (trade unions and employer organisations).Without adjustments, bot... Lire la suite

Trésor-Eco

Trésor-Economics No. 177 - How effective are hiring subsidies for boosting employment?

Rédigé par : DG Trésor 22 août 2016

A hiring bonus reduces labour costs and increases employment levels. Such bonuses are in line with earlier measures to reduce labour costs implemented in France over the last 20 years, including cuts in social contribution rates, the Competitiveness and Employment Tax Credit and reduced Social contributions under the Responsibility and Solidarity Pact. Unlike the previous measures, the hiring bonu... Lire la suite

Trésor-Eco

Trésor-Economics No. 176 - How would the external debt of five major emerging countries respond to financial tensions?

Rédigé par : DG Trésor 12 août 2016

The highly accommodative monetary policy implemented in the developed countries since the 2008 financial crisis has helped to stimulate large capital inflows into the emerging economies by investors seeking higher yields. These flows were reversed when the U.S. Federal Reserve raised interest rates and some emerging economies began to slow.The emerging countries seem to have become less vulnerable... Lire la suite

Trésor-Eco

Trésor-Economics No. 175 - Policies to support personal and household services

Rédigé par : DG Trésor 11 août 2016

The personal and household services sector meet specific needs at different points in the human life cycle (early childhood, old age, etc.) in a context of changing lifestyles, brought about in part by women's increasing participation in the labour force. The services include both care services (for children, the dependent elderly or the disabled) and non-care services or household support service... Lire la suite

Trésor-Eco

Trésor-Economics No. 174 - Spain's labour market reform: an initial assessment

Rédigé par : DG Trésor 05 août 2016

The economic crisis caused a steep rise in Spain's unemployment rate, from 8% in 2007 to a peak of over 26% in 2013. No other European Union (EU) country reached such levels of unemployment during the crisis except Greece, where the recession was three times as deep as in Spain.Beyond the severe economic downturn, specific characteristics of the Spanish labour market may have helped to drive up un... Lire la suite

Trésor-Eco

Trésor-Economics No. 173 - What are the prospects of economic catch-up for the least developed countries of Southeast Asia?

Rédigé par : DG Trésor 26 juillet 2016

Only eight of the 48 least developed countries (LDCs) listed by the United Nations are located in Asia. This sets them apart among both Asian countries and LDCs. Three–Myanmar, Cambodia and Lao–are located in the Greater Mekong Subregion (GMR) of Southeast Asia. The World Bank includes them among its "Olympians of growth"-countries with some of the highest growth rates over the past 20 years.Are t... Lire la suite

Trésor-Eco

Trésor-Economics No. 172 - Is there too little private investment in Germany?

Rédigé par : DG Trésor 30 juin 2016

Private investment as a share of the German economy has fallen since the mid-1990s. It stood at 21% of GDP at the time, and has stagnated below 18% of GDP since the 2008 crisis. After the post-reunification boom, construction slowed in the 2000s, and the investment downturn then spread to the rest of the economy.Since the crisis, German private investment has shifted away from equipment and toward... Lire la suite

Trésor-Eco

Trésor-Economics No. 171 - Social competition from posted workers in France: misconceptions and realities

Rédigé par : DG Trésor 13 juin 2016

A posted worker is an employee assigned temporarily by his or her employer to the territory of a Member State of the European Union other than the State in which he normally works and in which the employer is established. Unlike migrant workers-to whom the Community principle of free movement of persons applies-the posting of workers rests on the principle of free provision of services.France is t... Lire la suite

Trésor-Eco

Trésor-Economics No. 170 - Why is Italian productivity so weak?

Rédigé par : DG Trésor 10 mai 2016

After a period of robust growth due to a catch-up effect until the mid-1990s, Italy experienced a sharper and earlier slowdown in labour productivity than its main partners. Italy was one of the European leaders in hourly labour productivity until the mid-1990s. This advantage has gradually narrowed. Today, Italian productivity is 20% below that of France and Germany.Italy's weak productivity perf... Lire la suite