The Impact of Growth, Labour Cost and Working Time on Employment : Lessons from the French Experience

In order to account for the evolution of employment at the macro-economic level, we have developed a model wherein employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors. We obtain a relationship in which employment rises when there is growth and falls when labour cost or working time rises, in both industrial and non-industrial sectors. This model then allows retrospective measurement of the contributions of each of the variables with respect to employment inflections since the mid-1980s

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Year of publication:	2005
Authors:	L'Horty, Yannick ; Rault, Christophe
Publisher:	[S.l.] : SSRN
Subject:	Arbeitskosten \| Labour costs \| Frankreich \| France \| Erwerbstätigkeit \| Employment \| Arbeitszeitgestaltung \| Working time arrangement \| Arbeitsproduktivität \| Labour productivity \| Wirtschaftswachstum \| Economic growth \| Beschäftigungseffekt \| Employment effect \| Arbeitsnachfrage \| Labor demand \| Dienstleistungssektor \| Service industry \| Schätzung \| Estimation \| Industrie \| Manufacturing industries \| Arbeitszeit \| Working time