MARC Record from Library of Congress

LEADER: 02778nam a22002897a 4500
001 2007615151
003 DLC
005 20070601094327.0
007 cr |||||||||||
008 070601s2007 mau sb 000 0 eng
010 $a 2007615151
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aEarle, John S.
245 10 $aOwnership and wages$h[electronic resource] :$bestimating public-private and foreign-domestic differentials using leed from hungary, 1986-2003 /$cJohn S. Earle, ℓlmos Telegdy.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2007.
490 1 $aNBER working paper series ;$vworking paper 12997
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/1/2007.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Studies of public-private and foreign-domestic wage differentials face difficulties distinguishing ownership effects from correlated characteristics of workers and firms. This paper estimates these ownership differentials using linked employer-employee data (LEED) from Hungary containing 1.35mln worker-year observations for 21,238 firms from 1986 to 2003. We find that ownership type is highly correlated with characteristics of both workers (education, experience, gender, and occupation) and firms (size, industry, and productivity), suggesting ownership type is systematically selected along these dimensions. The large unconditional wage gaps (0.24 for public-private and 0.40 for foreign-domestic) in the data are little affected by conditioning on worker characteristics, but controlling for industry reduces the public and foreign premia (to 0.16 and 0.34, respectively), and controlling for employment size further reduces them (to 0.07 and 0.28). We also exploit the presence of 3,700 switches of ownership type in the data to estimate firm fixed-effects and random trend models, accounting for unobserved firm characteristics affecting the average level and trend growth of wages. These controls have little effect on the conditional public-private gap, but they reduce the estimated foreign premium (to 0.07). The results imply that the substantial unconditional wage differentials are mostly, but not entirely, a function of differences in worker and firm characteristics, and that linked panel data are necessary to take these correlated factors into account"--National Bureau of Economic Research web site.
700 1 $aTelegdy, Álmos.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 12997.
856 40 $uhttp://papers.nber.org/papers/w12997