Wages, Layoffs, and Privatization: Evidence from Ukraine
利用乌克兰家庭调查数据，研究发现私有化使工资降低5%，但裁员概率减半；外部投资者所有权减少离职但不影响工资。
This paper estimates the effects of privatization on worker separations and wages using retrospective data from a national probability sample of Ukrainian households. Detailed worker characteristics are used to control for compositional differences and to assess types of observable “winners” and “losers” from privatization. Pre-privatization worker–firm matches are used to control for unobservables in worker and firm selection. The results imply privatization reduces wages by five percent and cuts the layoff probability in half. Outside investor ownership reduces separations but leaves wages unaffected. Winners from privatization tend to be higher skilled employees of larger firms, but there is no discernible relationship with gender, education, or experience. Journal of Comparative Economics 34 (2) (2006) 272–294.