Wage Moderation in France

ByMarcello M. Estevão, Nigar Nargis

September 1, 2002

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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.

Subject: Employment, Labor, Unemployment, Unemployment rate, Wage bargaining, Wages

Keywords: bargaining, Employment, employment effect, Employmnet, Europe, growth rate, labor intensity, labor market, price level, real product wage, structural change, take-home pay, Unemployment, unemployment income, Unemployment rate, wage, Wage bargaining, wage moderation, wages, WP

Pages:
31
Volume:
2002
DOI:
https://doi.org/10.5089/9781451857047.001
Issue:
151
Series:
Working Paper No. 2002/151
Stock No:
WPIEA1512002
ISBN:
9781451857047
ISSN:
1018-5941

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