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Comparaison de la formation des salaires dans un panel de pays industrialisés

Author

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  • Stéphanie Guichard
  • Jean-Pierre Laffargue

Abstract

This paper offers a systematic comparison of wage formation in industrialised countries. A wage curve with nominal rigidities is calculated for a panel of 16 countries according to a specific method based on GMM and factor analysis. Firstly, we show that the employment rate is a better indicator of labour market tensions than the unemployment rate. Secondly, we demonstrate that the main difference across countries is the reaction of the wage rate to changes in productivity and the employment rate. Thirdly, we find evidence of some nominal rigidity in wage behaviour and of a small but positive effect of the wedge on labour cost.

Suggested Citation

  • Stéphanie Guichard & Jean-Pierre Laffargue, 2001. "Comparaison de la formation des salaires dans un panel de pays industrialisés," Economie & Prévision, La Documentation Française, vol. 147(1), pages 37-49.
    • Handle: RePEc:cai:ecoldc:ecop_147_0037
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    Cited by:

    1. Olivier Allais & Loïc Cadiou & Stéphane Dées, 2001. "Habitudes de consommation et prime de risque sur le marché actions dans les pays du G7," Économie et Prévision, Programme National Persée, vol. 147(1), pages 1-18.
    2. Cepii & Cepremap, 2001. "MARMOTTE : a Multinational Model," Working Papers 2001-15, CEPII research center.
    3. Alexis Penot, 2002. "Appréciations et conséquences possibles de l'hétérogénéité structurelle de la zone euro," Revue d'Économie Financière, Programme National Persée, vol. 65(1), pages 153-175.

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