Resource title

The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience

Resource image

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Resource description

To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors. We get a relationship in which employment rises with growth and decreases when labour cost or working time rises in industrial sectors as well as in non-industrial ones. This model then permits to measure retrospectively the contributions of each of the variables to employment inflections since the mid-eighties.

Resource author

Yannick L'Horty, Christophe Rault

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20118

Resource license

Adapt according to the presented license agreement and reference the original author.