Privatization, Liberalization, Wages and Employment
Theory and Evidence for the UK
Bibliographic Data
| ID | 9723844 |
|---|---|
| Authors | Jonathan Haskel (0000-0003-2961-165X), Stefan Szymanski (0000-0001-8060-4717) |
| Year | 1993 |
| Volume | 60 |
| Issue | 238 |
| Pages | 161 |
| Publication date | 1993-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554587 |
| OpenAlex | W2069447646 |
| Language | EN |
| Citations received | 10 |
| References cited | 5 |
Most agency-based privatization models are of the owner/manager relation and ignore the labor market. Yet in the 1980s there were profound changes in public sector and privatized firms to wages and employment. The authors develop a bargaining model of the manager/workforce relation that explains employment and wages when firms are privatized, government objectives become more commercial, and markets are liberalized. Using data on fourteen U.K. companies, 1972-88, that were publicly owned in 1972, the authors find: (1) employment fell following the change to more commercial objectives; and (2) wages were only slightly affected by this, but fell if the firm lost market power. Copyright 1993 by The London School of Economics and Political Science
Agency (philosophy) · Bargaining power · Business · Economics · Economy · Fell · Government (linguistics) · Labour economics · Liberalization · Market economy · Market power · Public sector · Workforce · Corporate Finance and Governance · Economic Policies and Impacts · Industrial relations · Labor market dynamics and wage inequality
The Governance of Public Enterprises
Optimal Share of Privatisation in a Public Monopoly with Unionised Workers
Income inequality and privatisation
Trade unions and corporate social responsibility
Privatization and Liberalization
Restructuring of Ontario's electricity supply system
Privatised Firms and Labour Outcomes in Emerging Markets
Effects of Public Ownership over Firms' Size and Overstaffing Problems
Employment and Wage Effects of Privatisation
The Unequal Distribution of Consequences of Contracting Out
| Unique citing works | 10 |
|---|---|
| Citations per year | 0,34 |
| Citation span | 1997 - 2023 (27) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 10 |