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.

在全球和金融危机之后，2013年至2015年，葡萄牙政府撤销了公共部门和私人雇员的四个假期。我们测试了撤销是否对葡萄牙的国有企业（SOE）的劳动生产率产生影响。此外，考虑到中央政府或地方和地方政府管理的国有企业，我们还研究了这种影响是否不同。我们的结果表明，假期的取消不会影响中央或地方和区域政府管理的国有企业的劳动生产率。尽管取消假期的目的是提高生产率，但该政策似乎只是出于礼节目的，而不是出于经济目的。