| Titre | Emploi d'équilibre et formation des salaires : une étude sectorielle | |
|---|---|---|
| Auteur | Yannick L'Horty, Jean-Pierre Laffargue | |
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Revue | Economie et prévision |
| Numéro | no 127, 1997/1 | |
| Page | 117-135 | |
| Résumé anglais |
An Estimation of Employment and Wage Equations at Sector Level Using Quarterly Data by Jean-Pierre Laffargue and Yannick L'Horty
This article estimates two labour demand and labour cost setting equations using French quarterly data for the different market sectors. These equations are based on a theoretical model of monopolistic competition among firms and wage bargaining between firms and unions. The estimating methods make allowance for recent developments in univariate cointegration theory and include a number of specification and coefficient stability tests. Employment appears to be extremely rigid and its labour cost elasticity is negative. The cost of labour is fairly flexible and increases with the replacement rate and the wage wedge, but decreases with the progressive increase in the wage wedge. The effects of technological change and the length of the working week on these two variables are also studied. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1997_num_127_1_5840 |
