American Paul Krugman, winner of Nobel Prize in Economics 2008, boasts the "difference" of France in terms of economic and social choices in relation to the United States, in a column published Friday on his notebook online.
"The truth is that France is a country enjoying the same level of technology and productivity that the United States, but the company has made different choices in terms of retirement and leisure," writes Mr. Krugman.
"Vive la difference," he says in French in the text concludes with a demonstration scaffolded from data provided by a recent study by the U.S. Department of Labor.
Referring to the mixed feelings of attraction and repulsion that animate him often as Americans when we talk of France Krugman notes that this study is that GDP per capita of metropolitan France was about 25% lower than the U.S. in 2008.
However, when one looks at GDP per hours worked, employment rate of the population and numbers of hours worked, it appears that "the French assets are as productive as the active U.S., "says Krugman, supporting figures.
However, he adds, the proportion of French people who work less than Americans, and "when they work," the French "work fewer hours" as Americans.
Krugman explains the difference in employment rates between the U.S. and France for "aid to higher education more generous" in France than in America and especially by the fact that the French are retiring earlier .
"Arguably, this last point is the result of misguided policies," said he nonetheless. As for the lesser number of hours worked in France, he explained "probably mainly by the practice whereby the State imposes the duration of leave."
AFP
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