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http://hdl.handle.net/10419/20737
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| Title: | | The (Unexpected) Structure of ?Rents? on the French and British Labour Markets  |
| 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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