@TechReport{iza:izadps:dp871,
            	author={L'Horty, Yannick and Rault, Christophe},
            	title={The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience},
            	year={2003},
	month={Sep},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={871},
            	url={https://www.iza.org/publications/dp871},
	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.},
	keywords={working time;employment;labour demand;hourly productivity;Per capita productivity;cointegration;VAR-ECM model},
            }