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Résumé This paper studies the impact of labor market policies on unemployment in Morocco. It begins by reviewing the main features of the labor market. It then presents a quantitative framework that captures many of these features – such as a large public sector, high redundancy payments, powerful trade unions, and international labor migration. The third part simulates the impact of a cut in the minimum wage and a reduction in payroll taxation. The results indicate that these policies may have a significant impact in the short term on open unskilled unemployment. However, they also show that labor market reforms, to be effective in the long run, may need to be accompanied by offsetting changes in the budget to avoid crowding-out effects on private investment