This paper aims to clarify the role of market regulations in rent creation and rent sharing. For each country-industry-year observation, the rent size (RS), measured by the value added price relative to the GDP price, is assumed to depend solely on direct anti-competitive regulations (ACR) on...

It is generally assumed that the two Fisher components of the interest rate -- the real interest and the inflation -- evolve independently over time, considering that they are driven by unrelated economical events. However, the market pricing of those components deduced from newly-available bond...

An empirical analysis is conducted on two panels of 18 Organisation for Economic Cooperation and Development (OECD) countries to test whether the elasticity of hourly productivity to working time is negative and decreasing with working time itself. If so, the decreasing returns on working time...

Based on an endogenous growth model, we show that intermediate goods markets imperfections can curb incentives to improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which the effects of upstream competition vary with distance...

Le niveau de la productivité horaire du travail est, avec la durée du travail, le taux d’emploi et la part de la population en âge de travailler dans la population totale, l’un des déterminants comptables du niveau du PIB par habitant. Hors, de multiples analyses indiquent que les...

Hourly labour productivity, along with average hours worked, the employment rate and the working-age population as a share of the total population, is one of the accounting aggregates that determine per capita GDP. Yet according to many analyses, hourly labour productivity in several European...

Based on a disaggregation of the workforce into three qualification or educational attainment categories, the article estimates the effects on hourly productivity from changes in the employment rate structure and from changes in the qualification structure. 21 OECD countries are then ranked in...

This paper investigates whether increases in the minimum wage in France have the same impact on the average wage when intended to preserve the purchasing power of the minimum wage as when intended to raise it. We find that the impact of the minimum wage on the average wage is strong, but differs...

Short-term increasing returns to production factors are usually found in empirical studies. We argue they can be due to omitted variables, particularly the intensity of factor utilisation. Thanks to original French firm-level data (1992-2008), we show how increasing returns to scale disappear...

Depuis 1970, le SMIC est revalorisé automatiquement en fonction de l'inflation et de la croissance du pouvoir d'achat ouvrier mesuré par le SHBO (Salaire Horaire de Base Ouvrier). Le gouvernement peut en outre revaloriser le SMIC par un « coup de pouce » discrétionnaire qui s'ajoute à la...