Critics of privatization argue that poor labor force restructuring is a key concern and that governments should … owners after privatization. Our results show that adverse selection plagues retrenchment programs carried out by governments … before privatization. Controlling for endogeneity, several labor retrenchment policies yield a negative impacton net …

quality of management. While labor productivity increases after privatization, the ratio of permanent workers to temporary … productivity and training. -- Privatization ; Labor ; Firms ; Institutions ; Public Sector ; Cross-Country …