haku: @indexterm privatization / yhteensä: 703
viite: 4 / 703
| Tekijä: | Chong, A. Guillen, J. Lopez-de-Silanes, F. |
| Otsikko: | Privatization and labor policies |
| Lehti: | Journal of Public Economics
2011 : OCT, VOL 95: 9-10, p.1119-1130 |
| Asiasana: | privatization prices adverse selection labour |
| Vapaa asiasana: | downsizing re-hiring |
| Kieli: | eng |
| Tiivistelmä: | Using new data we analyze retrenchment programs before privatization and how they affect the prices paid and the re-hiring policies pursued by the new private owners. Evidence is found in support of skimming and adverse selection. We find some labor retrenchment policies having a negative impact on net privatization prices, even after sample taking selection bias and endogeneity into consideration. Certain downsizing policies may lead to a higher rate of post-privatization re-hiring. Skill-biased retrenchment programs are the only ones marginally connected with higher privatization prices and minimal re-hiring rates after privatization. However, the political and economic costs of such programs may make them impractical. |
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