investigates a unique policy designed to maintain employment during the privatization of East German firms after the fall of the … decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and instrumental … annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment targets. Our …

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms …: distorted employment decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and …% points higher annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment …

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms …: distorted employment decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and …% points higher annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment …

Privatisierung ostdeutscher Unternehmen nach dem Fall des Eisernen Vorhangs zu sichern. Die neuen Eigentümern der Unternehmen …

. Dynamically, firms are incentivized to improve productivity to meet targets. Using novel data from East German firms post-privatization … “polarization,“ causing low-productivity firms to exit the market while others temporarily distort their employment upward … exit probability, and 10% higher annual productivity growth over the target period. Structural estimates reveal substantial …

. Dynamically, firms are incentivized to improve productivity to meet targets. Using novel data from East German firms post-privatization … "polarization," causing low-productivity firms to exit the market while others temporarily distort their employment upward … exit probability, and 10% higher annual productivity growth over the target period. Structural estimates reveal substantial …