Labour Productivity in State-Owned Enterprises

In the aftermath of the Global and Financial Crisis, between 2013 and 2015, the Portuguese government revoked four holidays for both public sector and private employees. We test whether the revocation had an effect on labour productivity in state-owned enterprises (SOEs) in Portugal. Moreover, we al...

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Bibliographic Details
Published in:Comparative economic studies 2021-09, Vol.63 (3), p.450-465
Main Authors: Afonso, António, Guedes, Maria João, Patel, Pankaj C.
Format: Article
Language:English
Subjects:
Central government
Economic crisis
Economics
Economics and Finance
Holidays & special occasions
International Economics
International finance
Labor productivity
Longitudinal studies
Political Economy/Economic Systems
Productivity
Public enterprise
Public finance
Public sector
Regional government
Regions
Revocation
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Summary:In the aftermath of the Global and Financial Crisis, between 2013 and 2015, the Portuguese government revoked four holidays for both public sector and private employees. We test whether the revocation had an effect on labour productivity in state-owned enterprises (SOEs) in Portugal. Moreover, we also study whether such effects are different taking into account the SOEs managed by the Central Government or the Local and Regional Governments. Our results show that revocation of holidays did not impact labour productivity for either central or local and regional government managed SOEs. Though revocation of holidays espoused to improve productivity, the policy seems to have served a ceremonial purpose, but not an economic one.
ISSN:0888-7233
1478-3320
DOI:10.1057/s41294-021-00148-1