The Impact of Privatization of State-Owned Enterprises on Workers
研究了巴西1990年代大规模私有化项目，发现私有化后国企工人工资下降约25%，且通过劳动力流动间接压低私营部门工资，整体使正规部门工资降低3%。
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.