Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20118
Authors: 
L'Horty, Yannick
Rault, Christophe
Year of Publication: 
2003
Series/Report no.: 
IZA Discussion paper series 871
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.
Subjects: 
Per capita productivity
hourly productivity
labour demand
employment
working time
cointegration
VAR-ECM model
JEL: 
J22
E24
J23
Document Type: 
Working Paper

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