Formation des salaires en Belgique : interactions sectorielles et performances macroéconomiques

in Regards Economiques (2018), (141), 1-15

L’article examine le rôle des interactions salariales entre secteur privé et secteur public. Les résultats empiriques sur la période 1995-2015 suggèrent clairement qu’il n’y a pas, dans la formation des ... [more ▼]

L’article examine le rôle des interactions salariales entre secteur privé et secteur public. Les résultats empiriques sur la période 1995-2015 suggèrent clairement qu’il n’y a pas, dans la formation des salaires belges, un secteur «leader» qui imposerait systématiquement ses hausses de salaire à l’autre secteur. Les interactions salariales sectorielles privé-public sont très fortes, mais au final chaque secteur conserve une large autonomie. Les salaires du secteur privé sont en particulier nettement plus sensibles aux modifications de l’environnement macro-économique (productivité, inflation, chômage), et caractérisés par une tendance négative qu’on peut attribuer à une plus forte modération salariale. [less ▲]

Analyse de l’impact des interactions sectorielles sur l’évolution des salaires. Comparaison de quatre pays

Report (2017)

The main objective is to examine the interactions between various sectors in the determination of wages. After a brief description of sectoral specificities in wage setting, the core of the project ... [more ▼]

The main objective is to examine the interactions between various sectors in the determination of wages. After a brief description of sectoral specificities in wage setting, the core of the project consists in estimating different wages functions taking into account wage spillovers across macro-sectors (manufacturing industry, finance, other services and public sector). To this end, we use quarterly sectoral data on four countries (Belgium, Luxembourg, France, Germany) over the period 1995-2014 and we estimate VAR-ECM and other econometric models addressing potential endogeneity problems. [less ▲]

Effets des préretraites sur l'emploi

in Revue Française d'Economie (2003), 18(1), 133-155

The paper analyzes the mechanisms by which policies aiming at downsizing the labour force (like early retirement policies) may in fact lead to lower employment levels, even though the equilibrium ... [more ▼]

The paper analyzes the mechanisms by which policies aiming at downsizing the labour force (like early retirement policies) may in fact lead to lower employment levels, even though the equilibrium unemployment rate is decreased. Numerical examples suggest that job losses may be potentially important, even in the case where early retirements are concentrated among groups with high unemployment levels (low-skilled workers). The model takes into account the effects coming from imperfect competition and wage negotiations, as well as those coming from frictions and matching difficulties in an economy with continuous job creations and destructions. Reducing the labour force by promoting early retirement induces in the long run an increase in labour costs, either directly through the effect of unemployment on wages, or indirectly via the effect of unemployment on hiring difficulties. [less ▲]