Stuckler, David; King, Lawrence P. - William Davidson Institute, University of Michigan - 2007
-national panel mortality data as an indicator of social costs. We find that rapid privatization – whether measured by a novel measure … expectancy improves. Using selection models, we show that endogeneity understates the social costs of rapid privatization. …According to leading economic theorists, creating capitalism out of communism requires rapid privatization. In this …