France: Selected Issues: Labor Market Developments and Wage Moderation in France in the 1990s
November 5, 2001
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The growth rate of real hourly wages in France has fallen below the trend growth rate of total factor productivity. The distribution of wage and earnings growth has not been uniform across deciles. A breakdown in employment growth by wage deciles also suggests important composition changes. The development of key labor market variables has been discussed in this note. Microeconometric estimations provide evidence of an outward shift in the relationship between wages and unemployment that is independent of changes in labor demand taxes and unemployment income.
Subject: Employment, Labor, Labor markets, Real wages, Unemployment rate, Wages
Keywords: adjusted wage variable, CR, Employment, employment growth, Europe, ISCR, Labor markets, labor share, product market, Real wages, staff estimate, unemployment income, Unemployment rate, wage, wage demand, wage moderation, Wages
Pages:
20
Volume:
2001
DOI:
Issue:
198
Series:
Country Report No. 2001/198
Stock No:
1FRAEA0032001
ISBN:
9781451813579
ISSN:
1934-7685
