The Impact of Privatisation on Wages: Evidence from the Portugese Banking Industry

Natália Monteiro

No 156, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: This paper adopts a difference-in-differences estimator to examine the impact of privatisation on wages in the Portuguese banking industry for the period 1989-97. The design of the reform and the nature of dataset employed (matched employer-employee) provided a particularly important opportunity to analyse the effects of privatisation on different demographic groups, using multiple control groups, and considering the timing of the effects. The empirical evidence suggests a U-shaped relationship between wage variation and time period of restructuring, regardless of the choice of the comparison group, for those employees, either men or women, retained by privatised firms.

Keywords: privatisation; wages; Portugese banking industry; difference-in-difference (search for similar items in EconPapers)
JEL-codes: J31 J45 L33 (search for similar items in EconPapers)
Date: 2003-06-04
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Citations: View citations in EconPapers (3)

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Working Paper: The impact of Privatisation on Wages: Evidence from the Portuguese Banking Industry (2004)
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