What Is the Cost of Privatization for Workers?
利用瑞典二十年数据，研究发现私有化带来的生产率提升和裁员对在职工人造成收入损失和失业风险，但社会保障体系覆盖了约一半损失。
ABSTRACT Privatization of state‐owned enterprises is on the agenda across the globe. Using Swedish data covering two decades, we show that productivity gains and headcount reductions are associated with economic costs for incumbent workers. Workers experience income losses and higher unemployment, but half of the losses are covered by the social safety net. We also find small positive effects on entrepreneurship and cash holdings but no meaningful effects on other labor market, family, health, or household finance outcomes. Productivity improves when the CEO is replaced, and the gains outweigh workers' income declines by a factor of between two and six.