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Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Ownership And Wages: Estimating Public-Private And Foreign-Domestic Differentials With Leed From Hungary, 1986-2003, John S. Earle, Álmos Telegdy
Ownership And Wages: Estimating Public-Private And Foreign-Domestic Differentials With Leed From Hungary, 1986-2003, John S. Earle, Álmos Telegdy
Upjohn Institute Working Papers
How do state, domestic, private, and foreign ownership of firms differ in average wages? We address these questions using linked employer-employee panel data containing 1.35mln worker-year observations for 21,238 firms from 1986 to 2003 in Hungary. Our econometric methods exploit the long panel together with the presence of 3,700 switches of ownership type in the postsocialist Hungarian transition to estimate these wage differentials.
Privatization Methods And Productivity Effects In Romanian Industrial Enterprises, John S. Earle, Álmos Telegdy
Privatization Methods And Productivity Effects In Romanian Industrial Enterprises, John S. Earle, Álmos Telegdy
Upjohn Institute Working Papers
Comprehensive panel data on privatization transactions and labor productivity in Romanian industrial corporations are used to describe the post-privatization ownership structure, and to estimate the effect of Romania's diverse privatization policies on firm performance. The econometric results show consistently positive, highly significant effects of private ownership on labor productivity growth, the point estimates imply- ing an increased 1.0 to 1.7 percentage growth for a 10 percent rise in private shareholding. The strongest estimated impacts are associated with sales to outside blockholders; insider transfers and mass privatization are estimated to have significantly smaller—although still positive—effects on firm performance.