Francis Kramarz
- January 10, 2024
- Economist
Quick Facts
Francis Kramarz Biography
| Name | Francis Kramarz |
| Birthday | Mar 8 |
| Birth Year | 1958 |
| Birth Country | France |
| Birth Sign | Pisces |
Francis Kramarz is one of the most popular and richest Economist who was born on March 8, 1958 in France.
As part of his research in labour economics, Kramarz has investigated the economics of minimum wages. For example, together with several co-authors, he found that minimum wages in Europe between the mid-1960s and mid-1990s have only caused higher unemployment if they kept the wages of low-wage jobs from decreasing, are relatively small for young people (relative to average earnings) when compared to the U.S., and don’t appear to have reduced employment, except possibly for young workers. In further research comparing minimum wages in France and in the U.S. (with Abowd, Lemieux and Margolis), Kramarz finds that minimum wages do decrease the employment of youth, who are the by far most affected group, though in France the effect is somewhat mitigated through employment promotion programmes targeted at unemployed youth. Finally, in research with Thomas Philippon, Kramarz observes that French payroll tax subsidies appear to induce substitution between those earning the minimum wage or slightly more and receiving the subsidy and those who don’t, even if the latter have slightly lower wages; essentially, a 1% increase in labour costs increases the likelihood of employees’ loss of employment by 1.5%.
Francis Kramarz studied at the École Polytechnique (1976-79), École Nationale de la Statistique et de l’Administration Économique (1979-81), and earned a Ph.D. in economics from the Université Paris X in 1994. During and shortly after his Ph.D., Kramarz worked as a researcher in the Research Department of the Institut national de la statistique et des études économiques (INSEE) and also directed that department from 1996 to 2007. He then worked first as an adjunct professor (1997-2010) and later as an associate professor (since 2010) at the École Polytechnique. Moreover, he is a Professor of Economics at ENSAE, where he also has been serving as director of the Center for Research in Economics and Statistics (CREST) since 2007. In addition to his academic positions, Kramarz has also worked in several advisory positions, including in the Council of Economic Analysis (2010-13), the Swedish Employment Commission, and in the Council for Employment Orientation. He is also affiliated with the IZA Institute of Labor Economics. In recognition of his research contributions, he was elected to be a fellow of the Econometric Society in 2013 and also is a fellow of the European Economic Association.
Francis Kramarz Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Francis Kramarz is one of the richest economist from France. According to our analysis, Wikipedia, Forbes & Business Insider, Francis Kramarz 's net worth $5 Million. (Last Update: December 11, 2023)
Francis Kramarz (born March 8, 1958) is a French economist who currently works as Professor at the École Nationale de la Statistique et de l’Administration Économique (ENSAE), where he has been directing the Center for Research in Economics and Statistics (CREST). He is one of the leading labour economists in France.
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Who is Francis Kramarz Dating?
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Facts & Trivia
Miltos Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in France. Francis Kramarz celebrates birthday on March 8 of every year.