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The Theory of Wage Moderation
French Labor Market Performance in the 1990s
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35-hour workweek Age Group aggregate alternative income average income tax bargaining power Blanchflower and Oswald Ceteris paribus composition consumer price index deciles Dependent variable dynamic specification econometric effects elasticity of product elasticity of wages Enquete Emploi equation 12 estimated coefficients estimation of equation firms fiscal wedge French labor market Gianella I.V. estimation income tax rates income when unemployed individual characteristics INSEE instrument interactive intercept labor demand labor force labor income labor intensity labor share Lagged unemployment rate lagged wages log annual earnings log hourly wage measure moderation in France number of children OECD Parameter preference for employment product market profit maximization real hourly wages regional dummies regional unemployment rate relationship between wages sample share of labor Standard errors Table tax wedge technological progress total factor productivity unemployment income union bargaining variations wage curve wage demands wage moderation wages adjusted wages and unemployment wages fell wages increased wages with respect