Structural Labor Market Changes in France
42 Pages Posted: 7 Jun 2005
Date Written: June 2005
Abstract
France posted remarkable gains in employment in the second half of the 1990s, suggesting that, beyond cyclical factors, structural unemployment may have changed in the period. We provide a novel methodology to separate structural from cyclical labor market changes and apply it to French household level data from 1990 to 2000. We show that the equilibrium relationship between real wages and unemployment has improved significantly in France in the second half of the 1990s. Further calculations suggest that long-term unemployment will decline substantially in France with respect to its average level in the 1990s if this improved trade-off is not undone.
Keywords: Employment, wages, bargaining, structural change, labor market
JEL Classification: D2, E2, J23
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
High Wage Workers and High Wage Firms
By John M. Abowd, Francis Kramarz, ...
-
Equilibrium Wage Dispersion with Worker and Employer Heterogeneity
-
By John M. Abowd and Thomas Lemieux
-
Equilibrium Unemployment with Wage Posting: Burdett-Mortensen Meet Pissarides
-
The Costs of Hiring and Separations
By John M. Abowd and Francis Kramarz
-
Equilibrium Search with Continuous Productivity Dispersion: Theory and Non-Parametric Estimation
By Christian Bontemps, Jean-marc Robin, ...
-
The Entry and Exit of Workers and the Growth of Employment: An Analysis of French Establishments
By John M. Abowd, Patrick Corbel, ...
-
Wage Bargaining with On-the-Job Search: Theory and Evidence
By Pierre Cahuc, Fabien Postel-vinay, ...
-
Compensation Structure and Product Market Competition
By John M. Abowd and Laurence Allain