The Impact of Privatization of State-Owned Enterprises on Workers?

• 成果类型: Article
• 署名作者: Arnold, David
• 署名单位: University of California System; University of California Los Angeles
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20190428
• 发表日期: 2022
• 页码: 343-380
• 关键词: wage dispersion; MARKET; search; FIRMS

摘要

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.