Showing 1 - 10 of 18
inappropriate wage increases. It is thus important to examine the institutional context which determines the wage bargaining process …
Persistent link: https://www.econbiz.de/10004998818
This study investigates the impact of minimum wage (SMIC) increases on the average wage in France. We use two series of … average wage: the average hourly blue-collar wage rate (SHBO) and the average wage per capita (SMPT). We combine these series … estimate allow for a very gradual impact of the minimum wage on the average wage, while previous studies often assumed only an …
Persistent link: https://www.econbiz.de/10009651284
The recent empirical literature that uses Structural Vector Autoregressions (SVAR) has shown that productivity shocks identified using long--run restrictions lead to a persistent and significant decline in hours worked. This evidence calls into question standard RBC models in which a positive...
Persistent link: https://www.econbiz.de/10005056535
This paper proposes two new coincident probabilistic cyclical indicators developed by the Bank of France in order to follow, on a monthly basis, the French economic activity. The first one is an indicator which aims at detecting the turning points of the acceleration cycle while the second one...
Persistent link: https://www.econbiz.de/10004998816
Le partage de la valeur ajoutee en France et en Allemagne a connu d'importantes inflexions durant les 30 dernieres annees qui peuvent etre reliees aux fluctuations des termes de l'echange, a la progression du chomage ou encore a l'evolution des taux d'interet. Apres avoir derive une equation de...
Persistent link: https://www.econbiz.de/10005036183
Hourly labour productivity levels in a number of European countries are thought to be very close to, or possibly even higher than the level 'observed' in the United States. At the same time, however, there are big differentials between hours worked and/or employment rates in these countries and...
Persistent link: https://www.econbiz.de/10005056507
This paper discusses the supply conditions for economic growth in terms of potential GDP estimated by the production function approach for France, Germany and Italy for the 1986:2003 period. The aim of this study is twofold: first, we keep a consistent framework as regards national account...
Persistent link: https://www.econbiz.de/10004998823
In this paper, we ask whether a small structural model with sticky prices and wages, embedding various modelling devices designed to increase the degree of strategic complementarity between price-setters, can fit postwar US data. To answer this question, we resort to a two-step empirical...
Persistent link: https://www.econbiz.de/10004998832
This article puts forward a framework based primarily on probabilistic tools to analyse the nature of housing loan cycles in France. The continued high growth rate of housing loans may indeed raise concerns as to the duration and determinants of the cycle which currently prevails. The results...
Persistent link: https://www.econbiz.de/10004998836
This paper investigates the properties of the decomposition of a time series presented in a companion paper (Lacroix, (2008)). The procedure relies upon an extension of Beveridge-Nelson methodology. We focus on its empirical implementation and show the need for additional steps in order to...
Persistent link: https://www.econbiz.de/10008528502