This paper exploits gaps between observed and recently forecasted Gross Domestic Product growth in export destinations to estimate the effects of unexpected demand shocks on worker compensation. Using employer-employee panel data, the paper finds that the revenues from these demand shocks are...

The international integration of regulated markets poses new challenges for regulatory policy. One question is the implications that the overall international regulatory regime will have for cross-border and/or domestic merger activity. In particular, do non-coordinated policies stimulate...

We examine corporate restructuring following privatization using uncommonly rich data on the population of Portuguese …firms from 1991-2009. We …find that privatization leads to sizable job losses, reflecting reductions in both the number of establishments and in the number of workers per...

We analyse the dynamics and evolution of the corporate restructuring process in the Portuguese banking sector, where 10 banks were privatised during the period 1989–1996. We apply a novel methodological approach in this context, using a multidimensional measure of restructuring that links...

type="main" xml:id="ecot12038-abs-0001" <title type="main">Abstract</title> <p>We examine the effects of private vs. public ownership on the level and structure of employment using uncommonly rich data on the population of Portuguese firms from 1991 to 2009. We find that private ownership is associated with sizeable job...</p>

In many countries wages are set in two stages, where industry-level collective bargaining is followed by firm-specific arrangements determining actual paid wages as a mark-up on the industry wage floor. What explains the wage set in each of these stages? In this paper we show that both the...