Employment Composition and the Phillips Curve

Composition de l’emploi et courbe de Phillips

Daniele Siena and Riccardo Zago

Eco Notepad (in progress) from Banque de France

Abstract: The occupational composition of the labour market is important for the relationship between prices and unemployment, i.e. the Phillips Curve (PC). The decline of the share of routine jobs can explain 1/4 of the recent flattening of the PC in the European Monetary Union (EMU).

La structure professionnelle du marché du travail joue un rôle dans la relation entre les prix et le chômage c’est-à-dire la courbe de Phillips (CP). La diminution de la part des emplois routiniers peut expliquer un quart du récent aplatissement de la CP dans l’Union monétaire européenne (UEM).

Date: 2021-10-01
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