variations of wages in France over the period of 1950-2008. On a theoretical level, the unemployment equation distinguishes a … chronic factor characterized by an excess of real wages compared to the labor productivity gains, a conjunctural factor … frictional, technological and voluntary components of the unemployment. The wages' variations are classically supposed to depend …

wages. The alternative interpretations can have a large impact on the dynamics of the minimum wage, on the dynamics of real … wages compared to productivity and on the bottom of the wage distribution. This note examine the three rules and recommand …