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Title:The (Unexpected) Structure of ?Rents? on the French and British Labour Markets PDF Logo
Authors:Clark, Andrew E.
Senik, Claudia
Issue Date:2004
Series/Report no.:IZA Discussion paper series 1438
Abstract:This paper considers the allocation of labour on the French and British markets, using objective wage and subjective satisfaction data. We show that, in some sectors, workers enjoy both higher wages and higher job satisfaction. We argue that this reflects labour market wage rents. Perhaps surprisingly, wage rents are typical of the British public sector and permanent contracts, but not of their French counterparts. In France, such rents are found in full-time, rather than part-time jobs. Hence, the data provide little support for the usual a priori that the French labour market is structured along insider-outsider model lines, whereby wage rents are captured by the insiders of the public sector to the detriment of the private sector. However, they do suggest that part-time employment is involuntary to a far greater extent in France than in Great Britain.
Subjects:job satisfaction
wages
self-employment
public sector
permanent
full-time
rents
JEL:J41
J31
J28
C30
M51
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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