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Crisis adjustment strategies in France: The contribution of establishment-level data

Author

Listed:
  • Delphine Brochard

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Corinne Perraudin

Abstract

This paper explores the employment and wage adjustments and business reorganisation implemented by French establishments between 2008 and 2010, using data from the Dares REPONSE survey. Drawing up a typology of adjustment practices based on a statistical classification, it reveals a diversity of practices illustrating the complementarity of these adjustments. Then the paper analyses the characteristics of the different classes of establishments and the links between practices, the flexibility levers available to the establishments and their economic and financial dependency relationships, taking into account the diversity of economic and social contexts. While recourse to temporary contracts and subcontracting does not seem to be significant, the use of flexible pay components (individual pay rises and performance bonuses) and worker versatility affect the adjustments made by establishments. Likewise, being majority foreign-owned, being a subsidiary of a (listed or unlisted) group, or being part of a subcontracting chain emerge from the analysis as significant factors affecting these adjustments.

Suggested Citation

  • Delphine Brochard & Corinne Perraudin, 2017. "Crisis adjustment strategies in France: The contribution of establishment-level data," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03227744, HAL.
    • Handle: RePEc:hal:cesptp:hal-03227744
    DOI: 10.24187/ecostat.2017.494t.1926
    Note: View the original document on HAL open archive server: https://hal.science/hal-03227744
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    JEL Classification: D22; J53; J31; M54; G34 economic crisis; business practices; employment adjustment; wage adjustment; flexibility; corporate governance;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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