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Wage Distribution and Unemployment: The French Experience

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  • Fitoussi, Jean-Paul

Abstract

The increase in unemployment in Europe is often traced, at least partially, to the existence of some rigidities in the labor market. It is common wisdom that wage inflexibilitya nd labor-marketin stitutionsi ncrease the cost in terms of unemployment of adapting to shocks. In particular, minimum- wage legislation is seen to have an important responsibility in countries where it is binding. Such legislation may have at least two, non-mutually-exclusivee,f fects. It may prevent wage distribution from adjusting, counteracting an increase in wage inequality, and/or it may lead to mounting unemployment in the low-skill segment of the labor market (...).

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Bibliographic Info

Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 84 (1994)
Issue (Month): 2 (May)
Pages: 59-64

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Handle: RePEc:aea:aecrev:v:84:y:1994:i:2:p:59-64

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Cited by:
  1. Henri Sterdyniak & Pierre Villa & Département analyse, 1998. "Pour une réforme du financement de la Sécurité sociale," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(4), pages 155-205.
  2. Jean-Paul Fitoussi, 2005. "Macroeconomic Policies and Institutions," Rivista di Politica Economica, SIPI Spa, vol. 95(6), pages 9-30, November-.
  3. Jean-Paul Fitoussi, 2000. "Allégements des charges sur les bas salaires," Sciences Po publications info:hdl:2441/5639, Sciences Po.
  4. repec:spo:wpecon:info:hdl:2441/4601 is not listed on IDEAS
  5. repec:spo:wpecon:info:hdl:2441/5639 is not listed on IDEAS
  6. repec:spo:wpecon:info:hdl:2441/5281 is not listed on IDEAS
  7. Jean-Paul Fitoussi, 2005. "Politiche macroeconomiche e istituzioni : lezione 'Angelo Costa'," Sciences Po publications info:hdl:2441/4601, Sciences Po.

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