Employment and Wage Effects of Privatisation
Evidence from Hungary, Romania, Russia and Ukraine
Bibliographic Data
| ID | 9712707 |
|---|---|
| Authors | J David Brown (0000-0002-4494-9619, Heriot-Watt University), Jason Brown (0000-0003-2501-3556), John S Earle (0000-0001-8507-6685, Upjohn Institute for Employment Research and Central European University), Álmos Telegdy (0000-0003-4651-5280, Central European University and Institute of Economics of the Hungarian Academy of Sciences) |
| Year | 2010 |
| Volume | 120 |
| Issue | 545 |
| Pages | 683-708 |
| Publication date | 2010-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2009.02300.x |
| OpenAlex | W2164204520 |
| Language | EN |
| Citations received | 8 |
| References cited | 40 |
We use longitudinal methods and universal panel data on 30,000 initially state-owned manufacturing firms in four transition economies to estimate the impact of privatisation on employment and wages. The results consistently reject job losses and never imply large wage cuts from either domestic or foreign privatisation. The domestic privatisation estimates are close to zero for employment; for wages, they are negative but small in magnitude. Estimated foreign privatisation effects are nearly always positive and sometimes large for both outcome variables. We interpret the employment and wage results in terms of underlying scale, productivity and cost effects of privatisation. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
Economics · Labour economics · Macroeconomics · Panel data · Productivity · Wage · Firm Innovation and Growth · Global trade and economics · Labor market dynamics and wage inequality
Optimal Share of Privatisation in a Public Monopoly with Unionised Workers
Social stratification in transitional economies
Glowing Indicators
What Drives the Operating Performance of Privatised Firms
Great War, Civil War, and Recovery
Commodification and Social Reproduction
After State Socialism
Foreign Ownership and Wages
Practitioners’ Corner
Choosing among Alternative Nonexperimental Methods for Estimating the Impact of Social Programs
The role of the propensity score in estimating dose-response functions
Enterprise Restructuring in Transition
The Economics and Econometrics of Active Labor Market Programs
The Effect of Unions on the Structure of Wages
From Socialism to Capitalism
Do Hostile Takeovers Reduce Extramarginal Wage Payments
Winners and Losers
The Productivity Effects of Privatization
The privatization process in central Europe
The Privatization Process in Central Europe
Privatization, Liberalization, Wages and Employment
A Theory of Privatisation
Privatisation
World Development Report 1996
Structural Change and Post-Socialist Stratification
Economic Perspectives on Privatization
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,53 |
| Citation span | 2011 - 2026 (16) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |