The Long Run and Real Effects of the Working Hours Restriction: Evidence From France
Paul Middleditch ()
Centre for Growth and Business Cycle Research Discussion Paper Series from Economics, The University of Manchester
This paper uses a theoretical and empirical approach to examine the long run effects of working hours restrictions on the natural rate of unemployment. We estimate a French NAIRU using the Kalman filter applied to a Phillips curve model with French quarterly data between 1987 and 2009. The resulting profile of the NAIRU is then analysed around the introduction of these restrictions and suggests a fall in the NAIRU greater than that reflected in the actual unemployment series alone. The Bai-Perron multiple break point test, adds further evidence of real effects from this policy by predicting regime change around the announcement and implementation of this policy.
Pages: 16 pages
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://hummedia.manchester.ac.uk/schools/soss/cgbc ... apers/dpcgbcr202.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:man:cgbcrp:202
Access Statistics for this paper
More papers in Centre for Growth and Business Cycle Research Discussion Paper Series from Economics, The University of Manchester Contact information at EDIRC.
Bibliographic data for series maintained by Marianne Sensier ().