Did work-sharing work in France? Evidence from a structural co-integrated VAR model
AbstractFrench employment increased significantly after a labor-market reform in 2000. This paper analyzes whether that development was driven by work-sharing (the mandated reduction of the workweek length) as claimed by the government. We use a structural VAR model in error correction form (SVECM) to assess the impact of shocks to the workweek length. It turns out that downward workweek shocks actually had adverse employment effects. We conclude that other reform components were responsible for the employment success in France, namely reduced non-wage labor costs and possibly higher firm-level flexibility of temporarily adjusting the workweek.
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Political Economy.
Volume (Year): 24 (2008)
Issue (Month): 2 (June)
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Web page: http://www.elsevier.com/locate/inca/505544
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