Labor adjustments in privatized firms: a Statis approach
This paper examines labor adjustments in ten Portuguese banks after the ownership transfer to the private sector. The results show that the restructuring process is a very complex phenomenon, with firms exhibiting diverse adjustments in terms of either speed or path. In addition, our findings also show that the pay level in the banking industry is by far the workforce attribute that changed more, reflecting substantial changes in terms of composition and not size of the workforce. In particular, firms tend to reduce the share of workers in managerial occupations and replace the most experienced employees with younger and more educated workers. Our empirical evidence also suggests that privatization is associated with a higher level of rent sharing.
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- Hildreth, Andrew K G & Oswald, Andrew J, 1997.
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Journal of Labor Economics,
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- Natália Pimenta Monteiro, 2004. "Using propensity matching estimators to evaluate the impact of privatisation on wages," NIPE Working Papers 12/2004, NIPE - Universidade do Minho.
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- Vladimir Gimpelson & Douglas Lippoldt, 1999. "Private sector employment in Russia: Scale, composition and performance," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(2), pages 505-533, July.
- Dobbelaere, Sabien, 2004. "Ownership, firm size and rent sharing in Bulgaria," Labour Economics, Elsevier, vol. 11(2), pages 165-189, April. Full references (including those not matched with items on IDEAS)
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