Life as an Economist in France - Salary and Working Conditions
While it was the UMP, France’s conservative opposition party, that won the majority of votes in Sunday’s first round of town hall elections in France, the far-right Front National also made decisive gains, particularly in areas that used to be bastions of the left wing. The ongoing difficulties in the French economy are often cited as one of the key reasons for this redrawing of the political landscape and the losses for the ruling Socialist Party.
French President Francois Hollande’s strategies for moving the country back towards a growth economy have diverged from his party’s platform, however, being met with varying levels of skepticism. Hollande has promoted both tax and public spending cuts in the name of stimulating job growth. He claims that he will go ahead with these planned economic reforms despite poor results for his party in Sunday’s elections.
One outspoken critic of Hollande’s policies over the past years has been French economist Thomas Piketty, of the Paris School of Economics. While already well known in France, the recent publication of his book, “Capital in the 21st Century,” has cast Piketty squarely in the international spotlight.
Though of course not every economist is likely to earn such esteem as Thomas Piketty, France seems to be a desirable country to set up shop as an academic or analyst, despite (or perhaps because of?) ongoing economic turbulence and political uncertainty. Amongst the economists who responded to the Economics Job Market Report 2013: France published earlier this year, 52% said they’d come to France from another country, meaning France a relatively high percentage of foreign economists.
Even in the current economy, salaries amongst economists working in France are fairly competitive, particularly for those with more than three years of experience. According survey respondents, Full Professors earn an average of $75,000 USD per year, while Analysts earn about $73,000. Salary was listed as only the fifth most important factor when choosing a place of employment, however, with friendly working environment, time to conduct research, flexible working hours and institutional reputation topping the list. Thus, it may not be the salary that’s drawing economists to France, but rather the working atmosphere itself. Whatever the conditions that are prompting economists to seek employment in France, well-known professionals like Thomas Piketty make it clear that it’s possible to make them work in your favor.
More details on the results and methodology of the Economics Job Market Report can be found on the INOMICS site.
- A Discriminatory Pandemic
The Racial Inequalities of COVID-19
Dubbed ‘the great equalizer’ at its outset, COVID-19 has often been described as picking its victims at random. Blind to race, ethnicity, and gender, it sees just a human body, a host that enables it to do what all pathogens are programmed to do: spread. While this, from a biological perspective, may be true, the disease’s sweep of the globe has been anything but equalising. Data from both the US and UK - who along with Brazil compete for the honour of worst pandemic response - show that in terms of cases and deaths, minorities are hugely overrepresented.
- An Opportunity Arises
How COVID-19 Strengthens the Case for a Green New Deal
In the midst of the destruction it’s wrought, the lives and livelihoods it’s taken, and freedom it’s limited, COVID-19 has given us one thing that may yet prove positive - the opportunity to reflect. Under lockdown, we’ve been compelled to consider our pre-COVID lives, the aspects we valued, the parts we endured, and how things could be changed. Separation from reality has renewed our perspective. And it’s come at a convenient time, for a choice hangs in the air.
- Remote Learning
How to Choose an Online Course or Degree
INOMICS has seen a surge in demand for online courses recently, with far more students searching for higher education alternatives. With the effects of COVID-19 ongoing, and many institutions still closed, enrolling in a fully online program or online degree has clearly become the best way to continue self-improvement and career development. Institutions offer a variety of online degree programmes and massive open online courses (MOOCs), which often have less expensive tuition fees.