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Does Privatization Hurt Workers? Lessons from Comprehensive Manufacturing Firm Panel Data in Hungary, Romania, Russia and Ukraine
Brown, J. David; Earle, John S.; Telegdy, Álmos - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2006
We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to … workers' fears, our fixed effect and random trend estimates imply little effect of domestic privatization, except for a slight … countries. The negligible employment impact of domestic privatization results from effects on efficiency and scale that are …
Persistent link: https://www.econbiz.de/10005448733
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The Mandatory Private Pension Pillar in Hungary: An Obituary
Simonovits, Andras - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2011
In 1998, the left-of-center government of Hungary carved out a second pillar mandatory private pension system from the original mono-pillar public system. Participation in the mixed system was optional for those who were already working, but mandatory for new entrants to the workforce. About 50...
Persistent link: https://www.econbiz.de/10009001383
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Political Objectives and Privatization Decisions - Selection of Firms into Privatization or Long-Term State Ownership in Romania
Szentpeteri, Adam; Telegdy, Almos - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2009
With the help of a peculiar institutional feature of early Romanian privatization, when a group of firms was explicitly … that politicians sheltered large and inefficient firms from privatization, which paid low wages and had high overdue … payments. These results are consistent with minimization of employment losses, even if efficiency enhancement of privatization …
Persistent link: https://www.econbiz.de/10008456320