Economics, Econometrics and Finance
4 years ago

French Minimum Wage Boosts Employment and Reduces Inequalities, Study Finds.

Documents de travail du Centre d'Economie de la Sorbonne
Minimum Wage and the Labor Market: What Can We Learn from the French Experience?
Jérôme Gautié, Patrice Laroche

Paper Summary

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The French minimum wage has been important in their job market since the 1950s. It has unique rules for setting it and has been one of the highest in the OECD since the 1980s. Studies show that the minimum wage in France affects employment levels. It also influences wage negotiations, income inequality, business profits, prices, and working conditions.