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[Rezension von: Helpman, Elhanan, ..., Trade policy and market structure]

Gatsios, Kōnstantinos - In: Economica 57 (1990) 227, pp. 415-416

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Impact of privatization on employment and earnings : workers and policymakers may fear that privatization leads to job losses and wage cuts, but what's the empirical evidence?

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Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...

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Impact of privatization on employment and earnings : workers and policymakers may fear that privatization leads to job losses and wage cuts, but what's the empirical evidence?

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