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| Author: | Brown, J.D. Earle, J.S. Telegdy, Á. |
| Title: | Employment and wage effects of privatisation: evidence from Hungary, Romania, Russia and Ukraine |
| Journal: | Economic Journal
2010 : JUN, VOL 120:545 p. 683-708 |
| Index terms: | employment PAY hungary russia ukraine romania privatization |
| Language: | eng |
| Abstract: | Longitudinal methods and universal panel data on 30,000 initially state-owned manufacturing firms in four transition economies are used 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. |
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