Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36778 
Year of Publication: 
2010
Series/Report no.: 
IZA Discussion Papers No. 4909
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
We analyse - theoretically and empirically - how private versus public ownership of firms affects the degree of rent sharing between firms and their workers. Using a particularly rich linked employer-employee dataset from Portugal, covering a large number of corporate ownership changes across a wide spectrum of economic sectors over more than 20 years, we find a positive relationship between private ownership and rent sharing. Based on our theoretical analysis, this result cannot be explained by private firms being more profit oriented than public ones. However, the result is consistent with privatisation leading to less job security, implying stronger efficiency wage effects.
Subjects: 
Rent sharing
private vs public ownership
panel data
JEL: 
J45
D21
C23
Document Type: 
Working Paper

Files in This Item:
File
Size
256.15 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.