Pierre Cahuc

Research Fellow and Program Director

Ecole Polytechnique, Paris

Pierre Cahuc is professor of Economics at Ecole Polytechnique. He is director of the Macroeconomic Laboratory of ENSAE-CREST, research fellow at CEPR, member of the French Economic Advisory Council to the French Prime Minister (Conseil d'Analyse Economique), member of the French low pay commission (comité d'experts sur le salaire minimum).

Unemployment and the microfoundations of macroeconomics with a special concern for labor market are his main fields of research. His papers are published in the American Economic Review, Econometrica, the Quarterly Journal or Economics, the International Economic Review, the Economic Journal, the European Economic Review, the American Economic Journal: Macroeconomics, the Journal of Public Economics, Economics Letter, the Scandinavian Journal of Economics, the Journal of Labor Economics, Labour Economics, the Review of International Economics, the Journal of Economic Behavior and Organization and other journals.

Pierre Cahuc joined IZA as a Research Fellow in October 1999. Since 2004 he has been IZA Program Director for "Labor Markets".

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Publications

IZA Discussion Paper No. 11248

This paper analyzes the effectiveness of hiring credits. Using comprehensive administrative data, we show that the French hiring credit, implemented during the Great Recession, had significant positive employment effects and no effects on wages. Relying on the quasi-experimental variation in labor cost triggered by the hiring credit, we estimate a...

IZA Discussion Paper No. 11010
Pierre Cahuc, Sandra Nevoux

This paper shows that the reforms which expanded short-time work in France after the great 2008-2009 recession were largely to the benefit of large firms which are recurrent short-time work users. We argue that this expansion of short-time work is an inefficient way to provide insurance to workers, as it...

IZA Discussion Paper No. 10842

This paper investigates the effects of the labor market experience of high school dropouts four years after leaving school by sending fictitious résumés to real job postings in France. Compared to those who have stayed unemployed since leaving school, the callback rate is not raised for those with employment experience,...

IZA Discussion Paper No. 10352

This paper analyzes the consequences of the taxation of temporary jobs recently introduced in several European countries to induce firms to create more open-ended contracts and to increase the duration of jobs. The estimation of a job search and matching model on French data shows that the taxation of temporary...

IZA Discussion Paper No. 8330

This paper evaluates the impact of an unexpected temporary hiring credit targeted at workers paid below 1.6 times the minimum wage in firms with less than 10 employees in France from December 2008 to December 2009. Using rich administrative data covering all French firms, we find that the program has...

IZA Discussion Paper No. 8277
forthcoming in : Economic Journal, 2014

We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits and high taxes...

IZA Discussion Paper No. 8173
published in: Labour Economics, 2014, 30, 22-29

This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage formation. It argues that this renewal provides a very useful toolkit for analyzing...

IZA Discussion Paper No. 7490
revised version published in: IZA Journal of European Labor Studies, 2013, 2:18 [Open Access]

France and Germany are two polar cases in the European debate about rising youth unemployment. Similar to what can be observed in Southern European countries, a "lost generation" may arise in France. In stark contrast, youth unemployment has been on continuous decline in Germany for many years, hardly affected by...

IZA Discussion Paper No. 7464
pubished in: S.N. Durlauf and P. Aghion (eds.) : Handbook of Economic Growth, Vol.2 , 2014, 49-120

This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods employed to identify the causal impact of trust on economic performance are reviewed. We document...

IZA Discussion Paper No. 6365
Forthcoming in: International Economic Review

This paper provides a simple model which explains the choice between permanent and temporary jobs. This model, which incorporates important features of actual employment protection legislations neglected by the economic literature so far, reproduces the main stylized facts about entries into permanent and temporary jobs observed in Continental European countries....

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