By Clémence Berson and Elisa Busson
Job-to-job moves usually enable employees to improve their pay or working conditions. It is therefore an important factor in wage dynamics. Resignations, which often indicate a job change, can be used to forecast wage and inflation trends.
Chart 1: Changes in resignation and job-to-job rates in France Source: Dares, Insee, authors' calculations. Note: Resignations (establishments with more than 10 employees) = quarterly data; job changes = annual data (Berson et al. 2020); shaded periods = negative change in real GDP.