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Early-Retirement Programs and Wage Restraint: Empirical Evidence from France

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  • Gray, D.M.

Abstract

Labour-force withdrawal program are an important unemployment policy instrument for certain governments in continental Europe. Two widely used interventions are government subsidised early-retirement programs and reduced working-time regulations. Most economists, however, have cast doubts concerning their efficacy in combatting unemployment, in part because the reduced labour force renders wages more resilient. The basic objective of this paper is to examine that wage-resiliency proposition using the application of the early-retirement program in France over the period 1984-1986.

Suggested Citation

  • Gray, D.M., 1999. "Early-Retirement Programs and Wage Restraint: Empirical Evidence from France," Working Papers 9905e, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:9905e
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    References listed on IDEAS

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    1. Brigitte Dormont & Jean Le Dem, 1990. "La dimension sectorielle de la formation des salaires : une analyse comparative des industries américaine, allemande et française," Économie et Prévision, Programme National Persée, vol. 92(1), pages 145-152.
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    5. Jennifer Hunt, 1996. "The Response of Wages and Actual Hours Worked to the Reductions of Standard Hours," NBER Working Papers 5716, National Bureau of Economic Research, Inc.
    6. Pierre Blanchard & Patrick Sevestre, 1989. "L'indexation des salaires : quelle rupture en 1982 ?," Économie et Prévision, Programme National Persée, vol. 87(1), pages 67-74.
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    8. John A. Abowd & Thomas Lemieux, 1993. "The Effects of Product Market Competition on Collective Bargaining Agreements: The Case of Foreign Competition in Canada," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(4), pages 983-1014.
    9. Gray, David M, 1995. "All Displaced Workers Are Not Created Equal: The Political Economy of Worker Adjustment Assistance in France," Public Choice, Springer, vol. 85(3-4), pages 313-333, December.
    10. Holmlund, Bertil & Zetterberg, Johnny, 1991. "Insider effects in wage determination : Evidence from five countries," European Economic Review, Elsevier, vol. 35(5), pages 1009-1034, July.
    11. Loufir, Rahim & Malgrange, Pierre, 1996. "Etude comparative des comportements salariaux en Allemagne, en France et aux Pays-Bas (une)," CEPREMAP Working Papers (Couverture Orange) 9621, CEPREMAP.
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    Cited by:

    1. Herbertsson, Tryggvi Thor & Orszag, Mike, 2003. "The Early Retirement Burden: Assessing the Costs of the Continued Prevalence of Early Retirement in OECD Countries," IZA Discussion Papers 816, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    RETIREMENT ; WAGES ; COLLECTIVE BARGAINING;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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