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dc.contributor.authorBrown, J. Daviden_US
dc.contributor.authorEarle, John S.en_US
dc.contributor.authorTelegdy, Álmosen_US
dc.date.accessioned2008-09-29en_US
dc.date.accessioned2010-07-07T11:32:53Z-
dc.date.available2010-07-07T11:32:53Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-2008100865en_US
dc.identifier.urihttp://hdl.handle.net/10419/35042-
dc.description.abstractWe use longitudinal methods and universal panel data on 30,000 initially state-owned manufacturing firms in four transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude; estimated foreign privatization effects are nearly always positive and sometimes large for both outcome variables. We find that the negligible consequences of domestic privatization result from effects on scale, productivity, and costs that are large but offsetting in Hungary and Romania, and from small effects of all types in Russia and Ukraine. The positive employment outcome of foreign ownership results from a substantial scale-expansion effect that dominates the productivity-improvement effect, and the positive wage outcome from productivity improvement dominating the cost-reduction effect.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3688en_US
dc.subject.jelD21en_US
dc.subject.ddc330en_US
dc.subject.keywordPrivatizationen_US
dc.subject.keywordemploymenten_US
dc.subject.keywordwagesen_US
dc.subject.keywordforeign ownershipen_US
dc.subject.keywordHungaryen_US
dc.subject.keywordRomaniaen_US
dc.subject.keywordRussiaen_US
dc.subject.keywordUkraineen_US
dc.subject.stwPrivatisierungen_US
dc.subject.stwÖffentliches Unternehmenen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwLohnen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwUngarnen_US
dc.subject.stwRumänienen_US
dc.subject.stwRusslanden_US
dc.subject.stwUkraineen_US
dc.titleEmployment and wage effects of privatization: evidence from Hungary, Romania, Russia, and Ukraineen_US
dc.typeWorking Paperen_US
dc.identifier.ppn578625695en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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