Expectations of future socioeconomic mobility are an important determinant of current policy preferences. But how may these expectations be formed? Using Life in Transition survey data for a large set of transition economies and several Western European countries, this paper examines the link...

"The paper evaluates the effects of privatization in the post-communist economies and China. In post-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of privatization to domestic owners are less impressive and...