La revalorisation automatique du SMIC
[Automatic indexation rules of the French minimum wage (SMIC)]
Abstract
Contrary to most European countries, indexation rules of the French minimum wage are very precise. However, three possible rules are consistent with the texts, which diverge in particular in periods of deflation or of negative growth of real wages. The alternative interpretations can have a large impact on the dynamics of the minimum wage, on the dynamics of real wages compared to productivity and on the bottom of the wage distribution. This note examine the three rules and recommand the optimal one, which appear to be most robust to alternative scenarios of inflation and deflation.Download Info
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18855.
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Date of creation: 24 Nov 2009
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Handle: RePEc:pra:mprapa:18855
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Related research
Keywords: minimum wage; indexation; inflation; deflation; real wage growth;Other versions of this item:
- Gilbert Cette & Étienne Wasmer, 2010. "La revalorisation automatique du SMIC," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 139-159.
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-12-05 (All new papers)
- NEP-LAB-2009-12-05 (Labour Economics)
References
References listed on IDEASPlease 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.:
- Guillaume Horny & Hervé Le Bihan, 2010. "Volatilité macroéconomique et règle d'indexation du SMIC," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 161-168.
- Aghion, Philippe & Algan, Yann & Cahuc, Pierre, 2008. "Can Policy Influence Culture? Minimum Wage and the Quality of Labor Relations," CEPREMAP Working Papers (Docweb) 0801, CEPREMAP.
- Pierre Cahuc & Cette Gilbert & André Zylberberg, 2008. "Salaire minimum et bas revenus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00638149, HAL.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- règles de revalorisation du smic
by Etienne Wasmer in Blog d'un économiste du travail on 2009-12-08 10:12:00
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