Estevão, Marcello M.; Nargis, Nigar - International Monetary Fund (IMF) - 2002
Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment … most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …