Evaluating Macron’s labour market reforms

A preliminary assessment of recent labour market reforms implemented by the Macron government in France published in the OECD 2019 Economic Survey for France shows amongst others that:

  • Effective tax rates at the minimum wage have been reduced to the second lowest level in the OECD;
  • The financial risks for firms of hiring workers on permanent contracts have decreased through lower and more predictable dismissal costs.