WAGE RIGIDITY, COLLECTIVE BARGAINING, AND THE MINIMUM WAGE: EVIDENCE FROM FRENCH AGREEMENT DATA

• 成果类型: Article
• 署名作者: Avouyi-Dovi, Sanvi; Fougere, Denis; Gautier, Erwan
• 署名单位: Universite PSL; Universite Paris-Dauphine; Centre National de la Recherche Scientifique (CNRS); Institut de Recherche pour le Developpement (IRD); Laboratoire dEconomie de Dauphine LEDa; Nantes Universite
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00329
• 发表日期: 2013-10
• 页码: 1337-1351
• 关键词: monetary-policy; staggered price; micro evidence; determinants; indexation; CONTRACTS; duration; length

摘要

Using data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness. The average duration of wages is a little less than one year, and 10% of wages are modified each month by a wage agreement. The frequency of wage change agreements is staggered over the year, but the frequency of effective wage changes is seasonal. The national minimum wage has a significant impact on the probability and the seasonality of wage changes. Negotiated wage increases are correlated with inflation, minimum wage increases, and firm profitability.