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The Effects of Inflation on the Wage Structure of France

In: The Theory of Wage Determination

Author

Listed:
  • François Sellier

    (University of Aix-en-Provence et Marseille)

Abstract

The post-war period is characterized in France by important changes in the distribution of aggregate wages. The generalized use of the social wage is a manifestation of this upheaval, remuneration being henceforth dependent not only on output or working time but on family circumstances. The necessity of meeting essential requirements in periods of manifest penury leads to equalizing legislation. During that same period the scarcity of manpower, particularly of skilled labour, arising from reconversion and the development of the occupied countries, has led to the practice among employers of raising the wages of skilled workers by means of special output bonuses. An economy of rationing, on the one hand, and the scarcity of skilled labour on the other, makes the formulation of a priori ideas on the evolution of the wage structure during inflation a hazardous undertaking. It is therefore fitting to refer to facts and consider how they may be interpreted.

Suggested Citation

  • François Sellier, 1957. "The Effects of Inflation on the Wage Structure of France," International Economic Association Series, in: John T. Dunlop (ed.), The Theory of Wage Determination, chapter 0, pages 264-277, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15205-6_17
    DOI: 10.1007/978-1-349-15205-6_17
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