Seniority-Based Pay and Labour Market Adjustment (Remuneration a L'Anciennete Et Ajustement Du Marche Du Travail)

The labour market's ability to adjust to the current demographic shock is a central concern for labour market policies. An aging population could affect the economy's ability to adjust, not only to the aging population shock itself, but also to those associated with the business cycle, international trade and technological changes (Kuhn, 2003). This study contributes to discussions about the ways in which organizations adjust to such an...