Publication

Jean Pisani-Ferry believes that the crisis is posing the question of labour-market flexibility in a new light. In the past, the key was to encourage reallocation of jobs between sectors and companies and to ensure a gradual return to full employment. Now, it is a question of absorbing a violent shock while minimising the immediate social costs and the long-term economic costs. In both cases, some social models will be seen to be more equitable or more effective than others. 



Published in Le Monde, Kathimerini, El Pais, Corriere della Sera and Handelsblatt.