Chong, Alberto; Guillen, Jorge; López-de-Silanes, Florencio - In: Journal of Public Economics 95 (2011) 9-10, pp. 1119-1130
Using new data we analyze retrenchment programs before privatization, their effect on prices paid and re-hiring policies pursued by the new private owners. We find evidence in support of skimming and adverse selection. We find that some labor retrenchment policies have a negative impact on net...
