Public policy and unemployment in interwar France: an empirical approach

This paper introduces an empirical model of the French interwar labour market that is comparable to models developed for the British labour market for this period, yet incorporates specific extensions in order to capture the peculiarities of the French case. The result is a model that can very accur...

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Main Author: Syme, T
Format: Working paper
Published: University of Oxford 2000
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author Syme, T
author_facet Syme, T
author_sort Syme, T
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description This paper introduces an empirical model of the French interwar labour market that is comparable to models developed for the British labour market for this period, yet incorporates specific extensions in order to capture the peculiarities of the French case. The result is a model that can very accurately stimulate the movement of unemployment in the 1920s and 1930s and this is used to run a series of counterfactual simulations to estimate the labour market effects of various public policies adopted at the time. Of particular note is the result that the repatriation drive of the early 1930s had no significant effect on the size of foreign labour force by 1936 and that the decision to remain on the Gold Standard until 1936 raised unemployment each year by more than primary policies introduced to combat unemployment - public works and repatriation of foreign workers - reduced it.
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spelling oxford-uuid:a8e2f569-7f20-413d-a02f-2cf4fcef886b2022-03-27T03:04:39ZPublic policy and unemployment in interwar France: an empirical approachWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:a8e2f569-7f20-413d-a02f-2cf4fcef886bSymplectic ElementsBulk import via SwordUniversity of Oxford2000Syme, TThis paper introduces an empirical model of the French interwar labour market that is comparable to models developed for the British labour market for this period, yet incorporates specific extensions in order to capture the peculiarities of the French case. The result is a model that can very accurately stimulate the movement of unemployment in the 1920s and 1930s and this is used to run a series of counterfactual simulations to estimate the labour market effects of various public policies adopted at the time. Of particular note is the result that the repatriation drive of the early 1930s had no significant effect on the size of foreign labour force by 1936 and that the decision to remain on the Gold Standard until 1936 raised unemployment each year by more than primary policies introduced to combat unemployment - public works and repatriation of foreign workers - reduced it.
spellingShingle Syme, T
Public policy and unemployment in interwar France: an empirical approach
title Public policy and unemployment in interwar France: an empirical approach
title_full Public policy and unemployment in interwar France: an empirical approach
title_fullStr Public policy and unemployment in interwar France: an empirical approach
title_full_unstemmed Public policy and unemployment in interwar France: an empirical approach
title_short Public policy and unemployment in interwar France: an empirical approach
title_sort public policy and unemployment in interwar france an empirical approach
work_keys_str_mv AT symet publicpolicyandunemploymentininterwarfranceanempiricalapproach