Wage Moderation in France

Author/Editor:

Marcello M. Estevão ; Nigar Nargis

Publication Date:

September 1, 2002

Electronic Access:

Free Full text (PDF file size is 904 KB).Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment taking into account compositional, time and regional effects. We show that this relationship shifted outward during the 1990s most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that period.

Series:

Working Paper No. 02/151

Subject:

English

Publication Date:

September 1, 2002

ISBN/ISSN:

9781451857047/1018-5941

Stock No:

WPIEA1512002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

31

Please address any questions about this title to publications@imf.org