Employment and wages in transition: panel evidence from Poland
Atanas Christev () and
No S-19, Finanzwissenschaftliche Diskussionsbeiträge : Specials series: Industrial and social policies in countries in transition from Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät
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.
JEL-codes: J21 J23 J31 P2 P3 (search for similar items in EconPapers)
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