haku: @author Szymanski, S. / yhteensä: 7
viite: 5 / 7
| Tekijä: | Haskel, J. Szymanski, S. |
| Otsikko: | Privatization, liberalization, wages and employment: theory and evidence for the UK |
| Lehti: | Economica
1993 : MAY, VOL. 60:238, p. 161-182 |
| Asiasana: | PRIVATIZATION EMPLOYMENT WAGE DETERMINATION UNITED KINGDOM |
| Kieli: | eng |
| Tiivistelmä: | Most agency-based privatization models are of the owner/manager relation and ignore the labour market. Yet in the 1980s there were profound changes in public sector and privatized firms to wages and employment. A bargaining model of the manager/workforce relation has been developed, that explains employment and wages when firms are privatized, goverment objectives become more commercial and markets are liberalised. Using data on 14 UK companies, 1972-1988 , that were publicy owned in 1972, it was found that a/ employment fell following the change to more commercial objectives; b/ wages were only slightly affected by this, but fell if the firm lost market power. |
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