Arnold, David
The impact of privatization of state-owned enterprises on workers / David Arnold
Resumen
Bibliografía
While privatization of state-owned enterprises (SOEs) remains a popular policy tool in many countries, the impacts on workers are unclear. This paper studies the case of Brazil, which implemented a large privatization program in the 1990s. Following privatization, incumbent workers in privatized SOEs suffer a wage decline of roughly 25 percent relative to a matched control group. Additionally, private sector firms that are connected to privatized SOEs by labor mobility also reduce wages. A summary calculation suggests that privatization decreased the formal sector wage by 3 percent, with about two-thirds of this effect due to the indirect impact on private sector workers.
PRIVATIZACIONES
EMPRESAS
SALARIOS
TRABAJADORES
SECTOR PRIVADO
BRASIL
American Economic Journal : Applied Economics 1945-7782v. 14, n. 4, October 2022, p. 343-380
The impact of privatization of state-owned enterprises on workers / David Arnold
Resumen
Bibliografía
While privatization of state-owned enterprises (SOEs) remains a popular policy tool in many countries, the impacts on workers are unclear. This paper studies the case of Brazil, which implemented a large privatization program in the 1990s. Following privatization, incumbent workers in privatized SOEs suffer a wage decline of roughly 25 percent relative to a matched control group. Additionally, private sector firms that are connected to privatized SOEs by labor mobility also reduce wages. A summary calculation suggests that privatization decreased the formal sector wage by 3 percent, with about two-thirds of this effect due to the indirect impact on private sector workers.
PRIVATIZACIONES
EMPRESAS
SALARIOS
TRABAJADORES
SECTOR PRIVADO
BRASIL
American Economic Journal : Applied Economics 1945-7782v. 14, n. 4, October 2022, p. 343-380