The impact of Privatisation on Wages: Evidence from the Portuguese Banking Industry

Natália Monteiro

No 11/2004, NIPE Working Papers from NIPE - Universidade do Minho

Abstract: we present quasi-experimental estimates of the effect of privatisation on wages in the Portuguese banking sector for the period 1989-97. The design of the reform and the nature of dataset employed provide an important opportunity to analyse the effects of privatisation on different demographic groups, using multiple control groups and taking into consideration the timing of the effects. We find a positive relationship between time of restructuring and wage variation regardless the choice of the control group. Retained employees in privatised firms did experience lower wage growth rates, but only during the first two years after the ownership change. Estimates for top managers appear to contradict the theoretical predictions.

Keywords: privatisation; wages; Portuguese banking industry; difference-in-differences. (search for similar items in EconPapers)
JEL-codes: J31 J45 L33 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www3.eeg.uminho.pt/economia/nipe/docs/2004/NIPE_WP_11_2004.PDF (application/pdf)

Related works:
Working Paper: The Impact of Privatisation on Wages: Evidence from the Portugese Banking Industry (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nip:nipewp:11/2004

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in NIPE Working Papers from NIPE - Universidade do Minho Núcleo de Investigação em Políticas Económicas e Empresariais, Escola de Economia e Gestão, Universidade do Minho, P-4710-057 Braga, Portugal. Contact information at EDIRC.
Bibliographic data for series maintained by NIPE ().