Most government employees have access to retiree health coverage, which provides them with group health coverage even if they retire before Medicare eligibility. We study the impact of retiree health coverage on the labor supply of public sector workers between the ages of 55 and 64. We find...

The Banque de France organised a workshop entitled “Algorithmic and high-frequency trading” on 8 November 2013, in order to understand the consequences of the automation of trading and underscore the challenges that this technological revolution poses for regulators.

The rise in the average age of women bearing their first child is a well-established demographic trend in recent decades. Postponed childbearing can have important consequences for the mother and, at a macro level, for the country as a whole. Research has focused on the effect postponing...

This short paper combines three of the main theories of the labour market (the shirking, turnover cost and union-firm bargaining models) in an integrated framework to highlight the consequences of their interactions for the determination of the wage and the firm's labour demand. We show that...

Cahuc, Saint-Martin, and Zylberberg (2001) show numerically that a minimum wage hike can increase both skilled and unskilled employment in a right-to-manage wage bargaining setting. This comment demonstrates that this result crucially depends on an implicitly unrealistic choice for the skilled...

This paper contributes some new explanations for the firm size-wage premium. We find that if the difference between the two types¡¦ status quo utility levels is large enough, then the small firm will reject the good agent more often than the large firm. The reason behind this result is that...

This article investigates whether faculty members are rewarded for teaching. We find that teaching a wider variety of courses and devoting more time to teaching results in a significant wage penalty, even when research productivity is carefully controlled.

Using cross-industry survey data, I examine how the determinants of the pace of work affect the probability of using piece rates. Internal determinants raise the likelihood of piece rates, while response to external needs lowers the probability.

Empirical evidence shows that competition among firms generates steep incentives inside firms. Incentive pay stimulates productive investments but may generate inefficient rent-seeking investments. I show that competition reduces firms’ profits and thereby the inefficient investments, which...

Labour market conditions deteriorated sharply as a result of the crisis. This first AMSE-Banque de France annual conference provided an opportunity to discuss labour market reform.