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.

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Author:Atanas Christev, Felix FitzRoy
Series (Serial Number):Finanzwissenschaftliche Diskussionsbeiträge / Specials series S: Industrial and social policies in countries in transition (19)
Document Type:Monograph/Edited Volume
Year of Completion:1999
Publishing Institution:Universität Potsdam
Release Date:2011/05/02
RVK - Regensburg Classification:QL 000
Organizational units:Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Licence (German):License LogoKeine Nutzungslizenz vergeben - es gilt das deutsche Urheberrecht
Notes extern: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