TY  - RPRT
        AU  - L'Horty, Yannick
AU  - Rault, Christophe
        TI  - The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience
        PY  - 2003/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 871
        UR  - https://www.iza.org/index.php/publications/dp871
        AB  - 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.
        KW  - working time
KW  - employment
KW  - labour demand
KW  - hourly productivity
KW  - Per capita productivity
KW  - cointegration
KW  - VAR-ECM model
        ER  -