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Erscheinungsjahr: 
2003
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 871
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
Per capita productivity
hourly productivity
labour demand
employment
working time
cointegration
VAR-ECM model
JEL: 
J22
E24
J23
Dokumentart: 
Working Paper

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