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The returns to seniority in France (and why are they lower than in the United States?)

Beffy, Magali; Buchinsky, Moshe; Fougère, Denis; … - 2006

We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our … using state of the art Bayesian methods employing a long panel (1976-1995) for France. Our results clearly show that returns … rationale for this phenomenon. Specifically, in a low-mobility country such as France, there is little gain in compensating …

Persistent link: https://www.econbiz.de/10010267591

European vs. American hours worked: assessing the role of the extensive and intensive margins

Langot, François; Quintero-Rojas, Coralia - 2008

Europeans have worked less than Americans since the 1970s. In this paper, we quantify the relative importance of the extensive and intensive margins of aggregate hours of market work on the observed differences. Our counterfactual exercises show that the two dimensions of the extensive margin,...

Persistent link: https://www.econbiz.de/10010268973

Unemployment dynamics and the cost of business cycles

Hairault, Jean-Olivier; Langot, François; Osotimehin, … - 2008

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of …

Persistent link: https://www.econbiz.de/10010269007