Las decisiones de empleo y salarios de cooperativas de trabajo y empresas capitalistas : evidencia para Uruguay en base a datos de panel
AbstractThe following article presents new econometric evidence on comparative behavior between worker cooperatives and capitalist firms, identifying differences in wage and employment responses. We exploit a comprehensive panel data set that covers the universe of cooperatives and their capitalist counterparts registered in social security records in Uruguay from April 1996 to December 2005. The analysis of employment and wage evolution in both types of enterprises suggests that there may be different mechanisms of adjustment to idiosyncratic price changes and macroeconomic shocks. The data set also allows us to estimate wages and employment variations for cooperative’s members and employees separately. The results of the comparison are analyzed in the light of theoretical explanations and institutional characteristics of the cooperatives’ development in Uruguay. Our findings are broadly consistent with previous studies for Italian and plywood northwest U.S. cooperatives. The importance of this research owes to the fact that comparative empirical studies of this kind are in general rare, particularly for developing countries.
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Bibliographic InfoPaper provided by Instituto de Economia - IECON in its series Documentos de Trabajo (working papers) with number 09-02.
Length: 32 pages
Date of creation: Jun 2009
Date of revision:
capitalist firms; worker cooperatives; employment; wages;
Find related papers by JEL classification:
- J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
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