We study the response of real wages to the business cycle in eight major Eurozone countries before and during the Great Recession. Average real wages are found to be acyclical, but this reflects, in large part, the effect of changes in the composition of the labour force related to unemployment...

About one in four workers challenges her dismissal in front of a labor court in France. Using a data set of individual labor disputes brought to French courts over the years 1996 to 2003, we examine the impact of labor court activity on labor market flows. First, we present a simple theoretical...

About one in four workers challenges her dismissal in front of a labor court in France. Using a data set of individual labor disputes brought to French courts over the years 1996 to 2003, we examine the impact of labor court activity on labor market flows. First, we present a simple theoretical...

France has a long and unique experience of public intervention in household debt restructuring. When facing financial distress, households can file a case to a “households' over-indebtedness commission” (HOC). These HOCs either grant a delay of payment or impose a partial reimbursement of...

This Study and Research Paper is devoted to different estimates of the French economy's potential output and output gap. Several methods, which are presented in detail, are put forward to measure these indicators. The first two sections of the paper profile statistical univariate approaches:...