Advanced Search
MyIDEAS: Login to save this paper or follow this series

Testing the effectiveness of the French work-sharing reform: a forecasting approach

Contents:

Author Info

  • Camille Logeay

    ()
    (IMK at the Hans Boeckler Foundation)

  • Sven Schreiber

    ()
    (Goethe-University Frankfurt)

Abstract

The authors analyse the macroeconomic impact of the French work-sharing reform of 2000 (a reduction of standard working hours in combination with wage subsidies). Using a vector error correction model (VECM) for several labour market variables as well as inflation and output the authors produce out-of-sample forecasts for 2000/2001. A comparison of these forecasts -which serve as a benchmark simulation without structural shifts- to the realised values (with shifts) suggests significant beneficial employment effects of the policy mix. Other shifts were absent and thus cannot explain the outcome. Output, productivity, hourly labour costs, and inflation are only transitorily affected or not at all.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.boeckler.de/pdf/p_imk_wp_03_2005.pdf
Download Restriction: no

Bibliographic Info

Paper provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series IMK Working Paper with number 03-2005.

as in new window
Length: 23 pages
Date of creation: 2005
Date of revision:
Handle: RePEc:imk:wpaper:03-2005

Contact details of provider:
Postal: Hans-Böckler-Straße 39, 40476 Düsseldorf
Phone: +49 211 7778 234
Fax: +49 211 7778 4234
Email:
Web page: http://www.imk-boeckler.de
More information through EDIRC

Related research

Keywords: unemployment; work-sharing; France; VECM; forecasting;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Michael P. Clements & David F. Hendry, 2001. "Forecasting Non-Stationary Economic Time Series," MIT Press Books, The MIT Press, The MIT Press, edition 1, volume 1, number 0262531895, December.
  2. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198774501, October.
  3. Snower, Dennis J., 1994. "Evaluating Unemployment Policies: What do the Underlying Theories Tell Us?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1081, C.E.P.R. Discussion Papers.
  4. Layard, Richard & Nickell, Stephen & Jackman, Richard, 1991. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198284345, October.
  5. Ortega, Javier, 2003. "Working-Time Regulation, Firm Heterogeneity, and Efficiency," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3736, C.E.P.R. Discussion Papers.
  6. Marimon, Ramon & Zilibotti, Fabrizio, 1999. "Employment and Distributional Effects of Restricting Working Time," CEPR Discussion Papers, C.E.P.R. Discussion Papers 2127, C.E.P.R. Discussion Papers.
  7. Rocheteau, Guillaume, 2002. "Working time regulation in a search economy with worker moral hazard," Journal of Public Economics, Elsevier, Elsevier, vol. 84(3), pages 387-425, June.
  8. Hunt, Jennifer, 1997. "Has Work Sharing Worked in Germany?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1553, C.E.P.R. Discussion Papers.
  9. FitzRoy, Felix R. & Funke, Michael & Nolan, Michael A., 2002. "Working time, taxation and unemployment in general equilibrium," European Journal of Political Economy, Elsevier, Elsevier, vol. 18(2), pages 333-344, June.
  10. Calmfors, Lars & Hoel, Michael, 1988. " Work Sharing and Overtime," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 90(1), pages 45-62.
  11. Matthieu Bunel, 2002. "Les déterminants des embauches des établissements à 35 heures : aides incitatives, effet de sélection et modalités de mise en oeuvre," Post-Print, HAL halshs-00178456, HAL.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Fabrice Gilles, 2014. "Evaluating the impact of a working time regulation on capital operating time. The French 35-hour work week experience," Working Papers, HAL hal-01006765, HAL.
  2. Schreiber, Sven, 2008. "Did work-sharing work in France? Evidence from a structural co-integrated VAR model," European Journal of Political Economy, Elsevier, Elsevier, vol. 24(2), pages 478-490, June.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:imk:wpaper:03-2005. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.