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.

Metadaten
Verfasserangaben:	Atanas Christev, Felix FitzRoy
URN:	urn:nbn:de:kobv:517-opus-48946
Schriftenreihe (Bandnummer):	Finanzwissenschaftliche Diskussionsbeiträge / Specials series S: Industrial and social policies in countries in transition (19)
Publikationstyp:	Monographie/Sammelband
Sprache:	Englisch
Erscheinungsjahr:	1999
Veröffentlichende Institution:	Universität Potsdam
Datum der Freischaltung:	02.05.2011
RVK - Regensburger Verbundklassifikation:	QL 000
Organisationseinheiten:	Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften
DDC-Klassifikation:	3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Lizenz (Deutsch):	Keine öffentliche Lizenz: Unter Urheberrechtsschutz
Externe Anmerkung:	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