Employment Adjustment during the Global Crisis: Differences between State-Owned and Private Enterprises

Almos Telegdy

No 1311, Budapest Working Papers on the Labour Market from Institute of Economics, Centre for Economic and Regional Studies

Abstract: This paper analyses the employment adjustment of state- and privately-owned companies before and during the global crisis. Using Hungarian data, it finds that the net job creation rate is similar across the two ownership types before the crisis, but during the crisis state-owned companies have a net job creation rate larger by 7 percentage points than private enterprises. The effect is caused both by a larger gross job creation rate and by a drop in job destruction associated with state ownership.

Keywords: Net job creation; Global crisis; State ownership; Hungary (search for similar items in EconPapers)
JEL-codes: F23 L25 L32 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2013-04
New Economics Papers: this item is included in nep-lma and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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