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

Yannick L'Horty () and Christophe Rault

No 871, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: 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.

Keywords: working time; employment; labour demand; hourly productivity; Per capita productivity; cointegration; VAR-ECM model (search for similar items in EconPapers)
JEL-codes: E24 J22 J23 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2003-09
New Economics Papers: this item is included in nep-eec and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - published in: Labour, 2005, 19 (3), 595-620

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Related works:
Journal Article: The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience (2005)
Working Paper: The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience (2003)
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