Privatization, Labor and Social Safety Nets
讨论私有化对工人的负面影响，包括失业和工资削减，并调查不同私有化方式（如公开出售和拍卖）的实证证据，为政策制定者提供缓解社会影响的选项。
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers. This paper discusses these adverse impacts of privatization in terms of various methods of privatization and surveys the existing empirical evidence. It finds that public sales and auctions can have stronger negative effects on workers but maximize the government’s revenue. Policymakers’ options for mitigating the social impact of privatization are surveyed.