The effect of private versus public ownership on labour earnings

Detalhes bibliográficos
Autor(a) principal: Bastos, Paulo
Data de Publicação: 2011
Outros Autores: Monteiro, Natália, Straume, Odd Rune
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/11997
Resumo: We examine the impact of privatisation on wage formation in unionised labour markets. Using longitudinal worker-firm data for Portugal spanning the period 1991-2007, we find that privatisation leads to higher wages, and show that this effect is driven by the fact that privatised firms tend to pay larger mark-ups on the union wage floor. These findings accord with a theoretical model in which actual paid wages are determined via sector-wide collective bargaining and firm-specific "fair-wage" policies, and where private ownership affects wage-setting incentives in both of these stages.
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spelling The effect of private versus public ownership on labour earningsPrivatisationWage formationTrade unionsWe examine the impact of privatisation on wage formation in unionised labour markets. Using longitudinal worker-firm data for Portugal spanning the period 1991-2007, we find that privatisation leads to higher wages, and show that this effect is driven by the fact that privatised firms tend to pay larger mark-ups on the union wage floor. These findings accord with a theoretical model in which actual paid wages are determined via sector-wide collective bargaining and firm-specific "fair-wage" policies, and where private ownership affects wage-setting incentives in both of these stages.Fundação para a Ciência e a Tecnologia (FCT)Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)Universidade do MinhoBastos, PauloMonteiro, NatáliaStraume, Odd Rune2011-02-282011-02-28T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/11997engBASTOS, Paulo ; MONTEIRO, Natália ; STRAUME, Odd Rune – “The effect of private versus public ownership on labour earnings” [Em linha]. Braga : Núcleo de Investigação em Políticas Económicas, 2011. [Consult. 28 Mar. 2011]. Disponível em WWW: <URL: http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_07_2011.pdf >.http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_07_2011.pdfinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:39:29Zoai:repositorium.sdum.uminho.pt:1822/11997Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:36:06.049852Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effect of private versus public ownership on labour earnings
title The effect of private versus public ownership on labour earnings
spellingShingle The effect of private versus public ownership on labour earnings
Bastos, Paulo
Privatisation
Wage formation
Trade unions
title_short The effect of private versus public ownership on labour earnings
title_full The effect of private versus public ownership on labour earnings
title_fullStr The effect of private versus public ownership on labour earnings
title_full_unstemmed The effect of private versus public ownership on labour earnings
title_sort The effect of private versus public ownership on labour earnings
author Bastos, Paulo
author_facet Bastos, Paulo
Monteiro, Natália
Straume, Odd Rune
author_role author
author2 Monteiro, Natália
Straume, Odd Rune
author2_role author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Bastos, Paulo
Monteiro, Natália
Straume, Odd Rune
dc.subject.por.fl_str_mv Privatisation
Wage formation
Trade unions
topic Privatisation
Wage formation
Trade unions
description We examine the impact of privatisation on wage formation in unionised labour markets. Using longitudinal worker-firm data for Portugal spanning the period 1991-2007, we find that privatisation leads to higher wages, and show that this effect is driven by the fact that privatised firms tend to pay larger mark-ups on the union wage floor. These findings accord with a theoretical model in which actual paid wages are determined via sector-wide collective bargaining and firm-specific "fair-wage" policies, and where private ownership affects wage-setting incentives in both of these stages.
publishDate 2011
dc.date.none.fl_str_mv 2011-02-28
2011-02-28T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/11997
url http://hdl.handle.net/1822/11997
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv BASTOS, Paulo ; MONTEIRO, Natália ; STRAUME, Odd Rune – “The effect of private versus public ownership on labour earnings” [Em linha]. Braga : Núcleo de Investigação em Políticas Económicas, 2011. [Consult. 28 Mar. 2011]. Disponível em WWW: <URL: http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_07_2011.pdf >.
http://www3.eeg.uminho.pt/economia/nipe/docs/2011/NIPE_WP_07_2011.pdf
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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