Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105871
Authors: 
Logeay, Camille
Schreiber, Sven
Year of Publication: 
2005
Series/Report no.: 
IMK Working Paper 3/2005
Abstract: 
The authors analyse the macroeconomic impact of the French work-sharing reform of 2000 (a reduction of standard working hours in combination with wage subsidies). Using a vector error correction model (VECM) for several labour market variables as well as inflation and output the authors produce out-of-sample forecasts for 2000/2001. A comparison of these forecasts -which serve as a benchmark simulation without structural shifts- to the realised values (with shifts) suggests significant beneficial employment effects of the policy mix. Other shifts were absent and thus cannot explain the outcome. Output, productivity, hourly labour costs, and inflation are only transitorily affected or not at all.
Subjects: 
unemployment
work-sharing
France
VECM
forecasting
JEL: 
E24
E27
C32
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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