OECD's 2013 Economic Survey of France examines recent economic developments, policies and prospects and includes special chapters covering taxes and transfers and the economic situation of young people.
Table of contents:
Executive summary Assessment and Recommendadtions -In the short term growth is set to remain weak and unemployment to rise further -French banks have been resilient, but they suffer from some vulnerabilities -Reducing the weight of public spending must be vigorously pursued -The strengthening of the budgetary framework is welcome -Improving the equity and efficiency of the tax and transfer system -Franceís poor export performance reflects generalised weakness on the supply side -Boosting competition in product markets -Reforming the labour market -Improving the economic situation of young people -Bibliography -Annex. Progress in structural reform Chapter 1. The efficiency and equity of the tax and transfer system -Income inequality is relatively low, thanks to redistribution, and has been stable over time -The French tax system is complex, changes frequently and induces serious distortions -The taxation of labour is heavy despite substantial targeted measures -Joint family income taxation may discourage female labour force participation -Incentives for older workers to keep working can be further improved -The mobility of high-income earners will limit the revenue yield of raising the top marginal tax rate. -The taxation of capital -Reduced VAT rates are an inefficient way to redistribute income -A large dispersion of implicit carbon prices but good progress in internalising local pollution -The transfer system should be simplified -Conditionality of unemployment benefits should be strengthened -Social transfers should be focused on getting beneficiaries into jobs -Disability benefits are a potential channel of benefit substitution -Family benefits are tilted towards those having at least three children -The design of the parental leave allowance may push low-skill mothers into an inactivity trap -Housing subsidies should be better integrated with the rest of the transfer system -Old-age pension complexity should be reduced to facilitate necessary systemic reforms -Survivorsí pensions lower female participation and discriminate against private-sector pensioners and unmarried people -In-kind benefits: health-care and education services -Bibliography Chapter 2. Improving the economic situation of young people -The priority for the Presidentís term of office -Starting from an already unfavourable position, young people have been hit by the crisis -Enhancing the autonomy of young people -Combating failure at school -Young people in the higher education system -Promoting youth employment and facilitating school-to-work transition -Territorialisation of the issues affecting youths -Bibliography