%0 Report
        %A L'Horty, Yannick
%A Rault, Christophe
        %T The Impact of Growth, Labour Cost and Working Time on Employment: Lessons from the French Experience
        %D 2003
        %8 2003 Sep
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 871
        %U https://www.iza.org/publications/dp871
        %X 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.
        %K working time
%K employment
%K labour demand
%K hourly productivity
%K Per capita productivity
%K cointegration
%K VAR-ECM model