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.
We use Google Analytics in compliance with German Data Protection Law. The site gathers data for the sole purpose of improving its services. You're able to decline now or later. By using our services, you agree to our use of cookies. You'll find more information here.