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La revalorisation automatique du SMIC
[Automatic indexation rules of the French minimum wage (SMIC)]


  • Cette, Gilbert
  • Etienne, Wasmer


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.

Suggested Citation

  • Cette, Gilbert & Etienne, Wasmer, 2009. "La revalorisation automatique du SMIC
    [Automatic indexation rules of the French minimum wage (SMIC)]
    ," MPRA Paper 18855, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18855

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    References listed on IDEAS

    1. 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.
    2. Pierre Cahuc & Cette Gilbert & André Zylberberg, 2008. "Salaire minimum et bas revenus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00638149, HAL.
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    Blog mentions

    As found by, the blog aggregator for Economics research:
    1. règles de revalorisation du smic
      by Etienne Wasmer in Blog d'un économiste du travail on 2009-12-08 16:12:00


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    Cited by:

    1. R. Aeberhardt & P. Givord & C. Marbot, 2012. "Spillover Effect of the Minimum Wage in France: An Unconditional Quantile Regression Approach," Documents de Travail de la DESE - Working Papers of the DESE g2012-07, Institut National de la Statistique et des Etudes Economiques, DESE.
    2. Cette, G. & Chouard, V. & Verdugo, G., 2012. "The Effect of the Minimum Wage on the Average Wage in France (in French)," Working papers 366, Banque de France.
    3. Gilbert Cette & Valérie Chouard & Gregory Verdugo, 2013. "Minimum wage and the average wage in France: a circular relationship?," Economics Bulletin, AccessEcon, vol. 33(3), pages 1832-1839.
    4. repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    5. Pauline Givord, 2011. "Essay on Four Issues in Public Policy Evaluation," Sciences Po publications info:hdl:2441/53r60a8s3ku, Sciences Po.

    More about this item


    minimum wage; indexation; inflation; deflation; real wage growth;

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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