I am a Ph.D candidate in Economics at Aix-Marseille School of Economics (Aix-Marseille University) in France, under the supervision of Bruno Decreuse.
My primary field is Labor Economics. My thesis focus on the design and the effects of Short-Time Work programs.
2 months research stay sponsored by C.Hémet on short-time work and the cleansing effect of recessions
Macroeconomics II: To access TD, Exams, Tutorials and Corrections check out Link
Mathematics II: To access TD, Exams, Tutorials and Corrections check out Link
Macroeconomics II: Exams and corrections
Mathematics II: Exams and corrections
This paper documents the deadweight loss of the current short-time work scheme. I combine macroeconomic evidence and modelling to identify and quantify the effect of incentives to use the labor-market programme on employer-employee matching. By deriving an optimal short-time work policy, I show that current schemes provide too strong incentives to reduce the number of hours worked, resulting in lower output, lower earnings and higher public expenditure. I propose reducing subsidies for hours not worked and introducing subsidies for hours worked to offset the deadweight loss of short-time work schemes.
Draft Available upon request
To understand which firms take-up short-time work and which workers they enroll in this program, we provide a model which shows that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without saving jobs. Using detailed data on the administration of the program covering the universe of French establishments in the 2008-2009 Great Recession, we find that short-time work did indeed save jobs and increase hours of work in firms faced with large negative shocks. We also provide evidence of large windfall effects which significantly increased the cost of the policy per job saved; yet we also find that short-time work remains more cost-efficient at saving jobs than wage subsidies.
WP
Many European countries have implemented short-time work policies in the face of the COVID-19 recession, hoping to achieve the same success after the role of short-time work programs in the German miracle during the Great Recession. In this paper, I show that short-time work program can also lead to a German miracle outside Germany. Using French firm-level data, I find that the French short-time work program preserved employment during the Great Recession and allowed for a higher take-up afterwards. By saving employment during the recession, firms consuming STW preserved their accumulated human capital, which allowed them to be more productive after the crisis.
Draft Available upon request
State-owned enterprises in China are far more numerous and larger than in other countries. One explanation for the number and size of Chinese SOEs is that they are used by the Chinese government to manage the Chinese economy. In this paper, we use Chinese firm-level data in a difference-in-difference framework to examine how China implements its industrial policy, focusing on the role of SOEs in the 10th Five Year Plan. We find that China relied on state-owned enterprises to achieve higher average productivity in the sectors supported by the plan. To understand the source of this productivity increase, we examine different forms of government support received by different types of firms.
Draft Available upon request