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The (Unexpected) Structure of "Rents" on the French and British Labour Markets

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  • Clark, Andrew E.

    ()
    (Paris School of Economics)

  • Senik, Claudia

    ()
    (Paris School of Economics)

Abstract

This paper considers the allocation of labour on the French and British markets, using objective wage and subjective satisfaction data. We show that, in some sectors, workers enjoy both higher wages and higher job satisfaction. We argue that this reflects labour market wage rents. Perhaps surprisingly, wage rents are typical of the British public sector and permanent contracts, but not of their French counterparts. In France, such rents are found in full-time, rather than part-time jobs. Hence, the data provide little support for the usual a priori that the French labour market is structured along insider-outsider model lines, whereby wage rents are captured by the insiders of the public sector to the detriment of the private sector. However, they do suggest that part-time employment is involuntary to a far greater extent in France than in Great Britain.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1438.

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Length: 24 pages
Date of creation: Dec 2004
Date of revision:
Publication status: published in: Journal of Socio-Economics, 2006, 35 (2), 180-196
Handle: RePEc:iza:izadps:dp1438

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Keywords: public sector; self-employment; wages; job satisfaction; permanent; full-time; rents;

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  1. Fairlie, Robert, 2014. "Drug Dealing and Legitimate Self-Employment," Santa Cruz Department of Economics, Working Paper Series qt3p38k7c8, Department of Economics, UC Santa Cruz.
  2. Bardasi, Elena & Francesconi, Marco, 2004. "The impact of atypical employment on individual wellbeing: evidence from a panel of British workers," Social Science & Medicine, Elsevier, Elsevier, vol. 58(9), pages 1671-1688, May.
  3. John M. Abowd & Thomas Lemieux, 1991. "The Effects of Product Market Competition on Collective Bargaining Agreements: The Case of Foreign Competition in Canada," NBER Working Papers 3808, National Bureau of Economic Research, Inc.
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  5. Blanchflower, D.G. & Oswald, A., 1991. "What Makes an Entrepreneur?," Economics Series Working Papers, University of Oxford, Department of Economics 99125, University of Oxford, Department of Economics.
  6. Andrew Clark & Fabrice Etilé & Fabien Postel-Vinay & Claudia Senik & Karine Van der Straeten, 2005. "Heterogeneity in Reported Well-Being: Evidence from Twelve European Countries," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 115(502), pages C118-C132, 03.
  7. David G. Blanchflower & Andrew J. Oswald & Peter Sanfey, 1992. "Wages, Profits and Rent-Sharing," NBER Working Papers 4222, National Bureau of Economic Research, Inc.
  8. Bruno Frey & Matthias Benz, 2003. "Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy," CESifo Working Paper Series 959, CESifo Group Munich.
  9. Blanchflower, David G., 2000. "Self-employment in OECD countries," Labour Economics, Elsevier, Elsevier, vol. 7(5), pages 471-505, September.
  10. Van Reenen, John, 1994. "The Creation and Capture of Rents: Wages and Innovation in a Panel of UK Companies," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1071, C.E.P.R. Discussion Papers.
  11. Blanchflower, David G. & Oswald, Andrew & Stutzer, Alois, 2001. "Latent entrepreneurship across nations," European Economic Review, Elsevier, Elsevier, vol. 45(4-6), pages 680-691, May.
  12. Rafael Lalive, 2007. "Do Wages Compensate for Workplace Disamenities?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, Duncker & Humblot, Berlin, vol. 53(3), pages 273-298.
  13. Clark, Andrew E., 2001. "What really matters in a job? Hedonic measurement using quit data," Labour Economics, Elsevier, Elsevier, vol. 8(2), pages 223-242, May.
  14. Daiji Kawaguchi, 2002. "Compensating Wage Differentials among Self-Employed Workers:Evidence from Job Satisfaction Scores," ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 0568, Institute of Social and Economic Research, Osaka University.
  15. John S. Heywood & W. S. Siebert & Xiangdong Wei, 2002. "Worker sorting and job satisfaction: The case of union and government jobs," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 55(4), pages 595-609, July.
  16. Olivier Godechot & Marc Gurgand, 2000. "Quand les salariés jugent leur salaire," Économie et Statistique, Programme National Persée, Programme National Persée, vol. 331(1), pages 3-24.
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