English, Article, Journal or magazine article edition: Labor adjustments in privatized firms: a Statis approach Adelaide Maria Figueiredo; Fernanda Otília Figueiredo; Natália Pimenta Monteiro

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Bookmark: http://trove.nla.gov.au/version/182321
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Labor adjustments in privatized firms: a Statis approach
Author
  • Adelaide Maria Figueiredo
  • Fernanda Otília Figueiredo
  • Natália Pimenta Monteiro
Physical Description
  • preprint
Notes
  • This paper examines labor adjustments in ten Portuguese banks after the ownership transfer to the private sector. The results show that the restructuring process is a very complex phenomenon, with firms exhibiting diverse adjustments in terms of either speed or path. In addition, our findings also show that the pay level in the banking industry is by far the workforce attribute that changed more, reflecting substantial changes in terms of composition and not size of the workforce. In particular, firms tend to reduce the share of workers in managerial occupations and replace the most experienced employees with younger and more educated workers. Our empirical evidence also suggests that privatization is associated with a higher level of rent sharing.
  • Labor adjustments; Portuguese banking industry; privatization; Statis
  • RePEc:por:fepwps:306
Language
  • English
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