French wage share in value-added has experienced important fluctuations for three decades. Nevertheless, recent studies have underlined that the usual indicator of wage share, by estimating labour remuneration of self-employed workers very badly, overestimates the French wage share decrease...

Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The...