Wage Rigidity, Collective Bargaining, and the Minimum Wage: Evidence from French Agreement Data-Reference-Cited by-同舟云学术

Wage Rigidity, Collective Bargaining, and the Minimum Wage: Evidence from French Agreement Data

Published:2013-10-01 Issue:4 Volume:95 Page:1337-1351
ISSN:0034-6535
Container-title:The Review of Economics and Statistics
language:en
Short-container-title:

Author:

Avouyi-Dovi Sanvi¹,Fougère Denis²,Gautier Erwan³

Affiliation:

1. Banque de France and Leda-SDFi, Université de Paris-Dauphine

2. CREST, CNRS, LIEPP/Sciences Po, CEPR, IZA, and Banque de France

3. Université de Nantes, LEMNA, and Banque de France

Abstract

AbstractUsing data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness. The average duration of wages is a little less than one year, and 10% of wages are modified each month by a wage agreement. The frequency of wage change agreements is staggered over the year, but the frequency of effective wage changes is seasonal. The national minimum wage has a significant impact on the probability and the seasonality of wage changes. Negotiated wage increases are correlated with inflation, minimum wage increases, and firm profitability.

Publisher

MIT Press - Journals

Subject

Economics and Econometrics,Social Sciences (miscellaneous)

Link

https://direct.mit.edu/rest/article-pdf/95/4/1337/1974200/rest_a_00329.pdf

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