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La théorie des contrats de travail auto-exécutoires et ses implications macroéconomiques: un survol de la littérature

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Author Info
Christian Calmes () (Center for Research on Economic Fluctuations and Employment, UQAM)

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Abstract

L'objet de cette revue de la littérature est de mettre en évidence les implications de la théorie des contrats auto-exécutoires pour la recherche en macroéconomie. Il s'agit de présenter les développements théoriques sur les contrats auto-exécutoires ayant des implications directes pour la réplication des faits stylisés relatifs à la dynamique de l'emploi et de la consommation agrégés et donc de la production agrégée; faits que les modèles macroéconomiques traditionnels sont incapables de reproduire. En particulier, j'expose les propriétés dynamiques que la théorie des contrats de travail auto-exécutoires confère au salaire réel, a l'emploi et la consommation agrégés, et comment ces propriétés sont susceptibles de pallier les insuffisances des mécanismes de propagation interne de la dynamique des chocs dans les modèles macroéconomiques usuels.

The purpose of this survey is to show how the self-enforcing labor contract theory can enhance the performance of macroeconomic models. I expose some desirable features of this theory regarding the duplication of puzzling macroeconomic facts relative to the dynamics of employment, consumption, and hence output. Within this theoretical framework, dynamic properties of employment and consumption are shown to be interestingly different from those derived with the standard flexible wage model, in a way that could shed new light on the dynamics puzzle usually encountered in macroeconomic models.

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Publisher Info
Paper provided by CREFE, Université du Québec à Montréal in its series Cahiers de recherche CREFE / CREFE Working Papers with number 98.

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Length: 22 pages
Date of creation: Dec 1999
Date of revision:
Handle: RePEc:cre:crefwp:98

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Related research
Keywords: Self-enforcing contracts; labor market; cycles;

Find related papers by JEL classification:
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
E49 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Other
J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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