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How do house prices affect wages? A comparison between France and Germany

Author

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  • J. Carluccio.

Abstract

Wages have grown at a faster rate in France than in Germany over recent years. These wage developments can mainly be explained by different trends in housing costs, and their impact on the cost of living.

Suggested Citation

  • J. Carluccio., 2014. "How do house prices affect wages? A comparison between France and Germany," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 34, pages 69-94, summer.
    • Handle: RePEc:bfr:quarte:2014:34:04
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    References listed on IDEAS

    as
    1. David G. Blanchflower & Andrew J. Oswald, 2013. "Does High Home-Ownership Impair the Labor Market?," NBER Working Papers 19079, National Bureau of Economic Research, Inc.
    2. Winters, John V., 2009. "Wages and prices: Are workers fully compensated for cost of living differences?," Regional Science and Urban Economics, Elsevier, vol. 39(5), pages 632-643, September.
    3. Campbell, John Y. & Cocco, Joao F., 2007. "How do house prices affect consumption? Evidence from micro data," Journal of Monetary Economics, Elsevier, vol. 54(3), pages 591-621, April.
    4. Marga Peeters & Ard den Reijer, 2014. "Coordination versus flexibility in wage formation: a focus on the nominal wage impact of productivity in Germany, Greece, Ireland, Portugal, Spain and the United States," Applied Economics, Taylor & Francis Journals, vol. 46(7), pages 698-714, March.
    5. Valérie Chouard & Grégory Verdugo & Gilbert Cette, 2011. "Les effets des hausses du Smic sur le salaire moyen," Économie et Statistique, Programme National Persée, vol. 448(1), pages 3-28.
    6. Valerie Chauvin & Olivier Damette, 2010. "Effets de richesse : le cas français," Économie et Statistique, Programme National Persée, vol. 438(1), pages 111-140.
    7. Cameron, G. & Muellbauer, J., 1999. "Earnings, Unemployment, and Housing: Evidence from a Panel of British Regions," Economics Papers 1999-w7, Economics Group, Nuffield College, University of Oxford.
    8. Lecat, R., 2003. "La prise en compte des services de logement dans l’IPC," Bulletin de la Banque de France, Banque de France, issue 115, pages 43-50.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    wages; cost of housing; French economy; German economy; CPI;
    All these keywords.

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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