WAGE DETERMINATION: PRIVATISED, NEW PRIVATE AND STATE OWNED COMPANIES. EMPIRICAL EVIDENCE FROM PANEL DATA

Tomasz Mickiewicz and Kate Bishop

No 584, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: This paper examines the determinants of wage pressure in large companies, including ownership characteristics and the impact of regional labour markets. By using a panel of 329 Polish largest firms during the period 1997- 2001, we find evidence of rent sharing activities, however there is also asymmetry in quasi rent elasticity of wages. The wage setting mechanism seems to differ between new private companies, privatised companies, state firms and mixed ownership. In particular, wages in state firms are highly responsive to regional labour market conditions, while firms in other sectors are not. Rent sharing is visible in both the state sector and new private companies, yet several specific characteristics differ. On the other hand, quasi rent elasticity appears to be suppressed in privatised companies.

Keywords: wages; quasi-rents; de novo firms; privatisation; unemployment (search for similar items in EconPapers)
JEL-codes: C23 D21 J21 L33 P31 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2003-06-01
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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