Wage Moderation in France
AbstractUsing household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment taking into account compositional, time and regional effects. We show that this relationship shifted outward during the 1990s most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that period.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 02/151.
Date of creation: 01 Sep 2002
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