IDEAS home Printed from https://ideas.repec.org/a/cai/reofsp/reof_112_0139.html
   My bibliography  Save this article

La revalorisation automatique du SMIC

Author

Listed:
  • Gilbert Cette
  • Étienne Wasmer

Abstract

Contrary to most European countries, indexation rules of the French minimum wage are very precise. However, three possible rules are consistent with the texts, which diverge in particular in periods of deflation or of negative growth of real wages. The alternative interpretations can have a large impact on the dynamics of the minimum wage, on the dynamics of real wages compared to productivity and on the bottom of the wage distribution. This note examines the three rules and recommends the optimal one, which appear to be most robust to alternative scenarios of inflation and deflation. JEL classification codes: J3, J5, J50.

Suggested Citation

  • Gilbert Cette & Étienne Wasmer, 2010. "La revalorisation automatique du SMIC," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 139-159.
    • Handle: RePEc:cai:reofsp:reof_112_0139
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REOF_112_0139
    Download Restriction: free
    File URL: http://www.cairn.info/revue-de-l-ofce-2010-1-page-139.htm
    Download Restriction: free
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Guillaume Horny & Hervé Le Bihan, 2010. "Volatilité macroéconomique et règle d'indexation du SMIC," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 161-168.
    2. Pierre Cahuc & Cette Gilbert & André Zylberberg, 2008. "Salaire minimum et bas revenus," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00638149, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. règles de revalorisation du smic
      by Etienne Wasmer in Blog d'un économiste du travail on 2009-12-08 16:12:00

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cette, G. & Chouard, V. & Verdugo, G., 2012. "The Effect of the Minimum Wage on the Average Wage in France (in French)," Working papers 366, Banque de France.
    2. Gilbert Cette & Valérie Chouard & Gregory Verdugo, 2013. "Minimum wage and the average wage in France: a circular relationship?," Economics Bulletin, AccessEcon, vol. 33(3), pages 1832-1839.
    3. Pauline Givord, 2011. "Essay on four issues in public policy evaluation [Essai sur quatre problèmes d’évaluation de politiques publiques]," SciencePo Working papers Main tel-04049492, HAL.
    4. repec:hal:wpspec:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    5. repec:hal:spmain:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    6. repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    7. repec:spo:wpmain:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    8. Romain Aeberhardt & Pauline Givord & Claire Marbot, 2016. "Spillover effect of the Minimum Wage in France: An UnconditionalQuantile Regression," Working Papers 2016-05, Center for Research in Economics and Statistics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gilbert Cette & Valérie Chouard & Gregory Verdugo, 2013. "Minimum wage and the average wage in France: a circular relationship?," Economics Bulletin, AccessEcon, vol. 33(3), pages 1832-1839.
    2. repec:spo:wpmain:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    3. Pierre Cahuc & Stéphane Carcillo, 2012. "Les conséquences des allègements généraux de cotisations patronales sur les bas salaires," SciencePo Working papers hal-03461125, HAL.
    4. Pierre Cahuc & Stéphane Carcillo, 2012. "Les conséquences des allégements généraux de cotisations patronales sur les bas salaires," Revue française d'économie, Presses de Sciences-Po, vol. 0(2), pages 19-61.
    5. Pierre Cahuc & Stéphane Carcillo, 2012. "Les conséquences des allègements généraux de cotisations patronales sur les bas salaires," Post-Print hal-03461125, HAL.
    6. Luciano Fanti & Luca Gori, 2011. "On economic growth and minimum wages," Journal of Economics, Springer, vol. 103(1), pages 59-82, May.
    7. Balázs Égert, 2013. "The Efficiency and Equity of the Tax and Transfer System in France," OECD Economics Department Working Papers 1038, OECD Publishing.
    8. Jérôme Gautié & David Margolis, 2009. "Introduction," Économie et Statistique, Programme National Persée, vol. 429(1), pages 3-19.
    9. repec:hal:spmain:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    10. repec:spo:wpecon:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    11. Olivier Bargain & Karina Doorley, 2009. "Caught in the Trap? The Disincentive Effect of Social Assistance," Working Papers 200906, School of Economics, University College Dublin.
    12. repec:hal:spmain:info:hdl:2441/6b7kf1issd8leb93o27ofdm8cu is not listed on IDEAS
    13. Gilbert Cette & Philippe Cuneo & Didier Eyssartier & Jérôme Gautié, 1996. "Coût du travail et emploi des jeunes," Revue de l'OFCE, Programme National Persée, vol. 56(1), pages 45-72.
    14. repec:hal:wpspec:info:hdl:2441/53r60a8s3kup1vc9je5h30d2n is not listed on IDEAS
    15. repec:spo:wpmain:info:hdl:2441/6b7kf1issd8leb93o27ofdm8cu is not listed on IDEAS
    16. Jérôme Gautié, 2010. "France: Towards the End of an Active Minimum Wage Policy?," Chapters, in: Daniel Vaughan-Whitehead (ed.), The Minimum Wage Revisited in the Enlarged EU, chapter 5, Edward Elgar Publishing.
    17. N. Frémeaux & Thomas Piketty, 2013. "GINI Country Report: Growing Inequalities and their Impacts in France," GINI Country Reports france, AIAS, Amsterdam Institute for Advanced Labour Studies.
    18. Cette, G. & Chouard, V. & Verdugo, G., 2012. "The Effect of the Minimum Wage on the Average Wage in France (in French)," Working papers 366, Banque de France.
    19. Bruno Jeandidier & Frédéric Berger, 2010. "Des enfants pauvres malgré des parents en emploi," Post-Print halshs-00521579, HAL.
    20. Pierre Cahuc & Stéphane Carcillo, 2012. "Les conséquences des allègements généraux de cotisations patronales sur les bas salaires," SciencePo Working papers Main hal-03461125, HAL.

    More about this item

    Keywords

    minimum wage; wage dynamics; wage-price spiral; inflation;
    All these keywords.

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_112_0139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-de-l-ofce.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.