Les 5 et 6 juillet 2012, la Banque de France a organisé le 18e colloque international sur l’analyse des données de panel, réunissant quelque 180 chercheurs qui ont présenté et discuté des études couvrant un large éventail de recherches théoriques et appliquées. Cette manifestation a...

We analyze the dynamics of the bank interest rates on the new short-term loans granted to non-financial corporations in seven countries of the euro area (France, Germany, Greece, Ireland, Italy, Portugal and Spain). Our specification is based on a multivariate diffusion model, involving factors...

The acceleration of the firm failure rate in France between 2008 and 2010 was preceded by a surge in the number of firms’ creations in 2003-2004. Therefore, identifying the impact of the 2008 crisis requires to distinguish, among the failures occurring over the period, those resulting from the...

This paper investigates the recent changes in the French wage structure from 1990 to 2008. To do so, we disentangle the impact of changes in employment probability, changes in the levels of education and experience and changes in the price of labor. Unlike other developped countries, we find...

Two surveys on wage-setting practices conducted in 2007 and 2009 suggest that base wages are relatively sticky in France and that, in response to the signifi cant decline in activity, firms have adopted strategies aimed mainly at reducing labour costs and the variable components of compensation.

We analyse the dynamics of the pass-through of banks’ marginal cost to bank lending rates over the 2008 crisis and the euro area sovereign debt crisis in France, Germany, Greece, Italy, Portugal and Spain. We measure banks’ marginal cost by their rate on new deposits, contrary to the...

We show non-parametric identification of lagged duration dependence in mixed proportional hazard models for duration data, in the presence of competing risks and consecutive spells. We extend the results to the case in which data provide repeated realizations of consecutive spells competing...

The specific rule governing the increases in the French minimum wage (SMIC) can lead to a change in the minimum wage which is larger than the change of the workers hourly base wage (SHBO), as did happen in 1985, 1987 and 2008. In this note we show that the probability of such an event depends on...

We provide an empirical analysis of job mobility with heterogeneous firms and employees. Inference is Bayesian. The results indicate an unobserved heterogeneity at the level of the individuals, and even more influential at the firm level. Furthermore, assortative employers? and employees?...

We study job durations using a multivariate hazard model allowing for worker-specific and firm-specific unobserved determinants. The latter are captured by unobserved heterogeneity terms or random effects, one at the firm level and another at the worker level. This enables us to decompose the...