France: Selected Issues: Labor Market Developments and Wage Moderation in France in the 1990s
IMF Staff Country Reports, November 5, 2001
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- France: Selected Issues: Labor Market Developments and Wage Moderation in France in the 1990s
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Bibliographic details
- Published: November 5, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813579.002
Key findings on wages and productivity
- The growth rate of real hourly wages in France has fallen below the trend growth rate of total factor productivity.
- The distribution of wage and earnings growth has not been uniform across deciles.
- A breakdown in employment growth by wage deciles suggests important composition changes in employment.
Labor market variables and dynamics
- The development of key labor market variables is discussed throughout the note, with emphasis on real wages, employment growth, and the unemployment rate.
- Subject tags: Employment, Labor, Labor markets, Real wages, Unemployment rate, Wages.
- Keywords: adjusted wage variable, CR, Employment, employment growth, Europe, ISCR, Labor markets, labor share, product market, Real wages, staff estimate, unemployment income, Unemployment rate, wage, wage demand, wage moderation, Wages.
Microeconometric evidence
- Microeconometric estimations provide evidence of an outward shift in the relationship between wages and unemployment that is independent of changes in labor demand taxes and unemployment income.