Employment and wages in transition : panel evidence from Poland
- New survey data for a panel of Polish firms is used to estimate employment and wage adjustments under various forms of ownership (insider vs. outsider) and asymmetric response to exogenous shocks. In contrast to earlier studies, dynamic panel data estimators (GMM) allow for endogeneity of observed variables and partial adjustment to shocks. Results differ from other findings in the transition literature: wages have little effect on dynamic labor demand and the firm-size wage effect is confirmed. Firms that expand employment have to pay significantly larger wage increases and rising sales add little to employment, suggesting labor hoarding. Dec1ining sales, however, significantly reduce employment and privatization (or anticipation thereof) has the expected benefits.
Author details: | Atanas Christev, Felix FitzRoy |
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URN: | urn:nbn:de:kobv:517-opus-48946 |
Publication series (Volume number): | Finanzwissenschaftliche Diskussionsbeiträge / Specials series S: Industrial and social policies in countries in transition (19) |
Publication type: | Monograph/Edited Volume |
Language: | English |
Publication year: | 1999 |
Publishing institution: | Universität Potsdam |
Release date: | 2011/05/02 |
RVK - Regensburg classification: | QL 000 |
Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
License (German): | Keine öffentliche Lizenz: Unter Urheberrechtsschutz |
External remark: | JEL-Klassification: J23 , J21, J31 , P2 , P3
Zugleich gedruckt erschienen: Christev, Atanas; FitzRoy, Felix: Employment and wages in transition : panel evidence from Poland / Atanas Christev, Felix FitzRoy. - Potsdam : Univ., 1999 (Finanzwissenschaftliche Diskussionsbeiträge / Specials series: Industrial and social policies in countries in transition ; Nr. 19) ISSN 0948-7549 |