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Wage Moderation in France
Author:
Mr. Marcello M. Estevão null

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Ms. Nigar Nargis null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2002: Issue 151
Language:
English
Publication Date:
01 Sep 2002
DOI:
https://doi.org/10.5089/9781451857047.001
ISBN:
9781451857047
ISSN:
1018-5941
Pages:
31
Keywords:
WP; wage; wage moderation; Employmnet; wages; bargaining; structural change; labor market; take-home pay; price level; labor intensity; growth rate; unemployment income; real product wage; employment effect; Unemployment rate; Wage bargaining; Employment; Unemployment; Europe
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund