Changes in the Relative Structure of Wages and Employment: A Comparison of the United States, Canada, and France

@article{Card1996ChangesIT,
  title={Changes in the Relative Structure of Wages and Employment: A Comparison of the United States, Canada, and France},
  author={David Card and Francis Kramarz and Thomas Lemieux},
  journal={Labor: Public Policy \& Regulation eJournal},
  year={1996},
  url={https://api.semanticscholar.org/CorpusID:154902220}
}
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors like minimum wages and trade unions prevent downward wage adjustments. Some economists have argued that this insight explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by comparing changes in… 
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25 References

A Comparison of Changes in the Structure of Wages

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