We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … productivity for the entire surviving population of initially state-owned industrial corporations in Romania. The data permit us to … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm …

We estimate the effects of privatization on firm-level wages and employment in four transition economies. Applied to … job losses from privatization, and they never imply large negative effects on wages; only for domestic privatization in … Hungary and Russia are small (3-5%) negative wage effects found. Privatization to foreign investors has positive estimated …

employing a wide variety of measurement approaches, we estimate that majority privatization raises MFP about 28% in Romania, 22 …We analyze the impact of privatization on multifactor productivity (MFP) using long panel data for nearly the universe …%. Privatization to foreign rather than domestic investors has a larger impact (about 44%) and is much more consistent across countries …