La revalorisation automatique du SMIC

Automatic indexation rules of the French minimum wage (SMIC)

Gilbert Cette and Etienne Wasmer

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: minimum wage; indexation; inflation; deflation; real wage growth (search for similar items in EconPapers)
JEL-codes: J3 J50 (search for similar items in EconPapers)
Date: 2009-11-24
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/18855/1/MPRA_paper_18855.pdf original version (application/pdf)

Related works:
Journal Article: La revalorisation automatique du SMIC (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18855

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().