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Wages, Layoffs, and Privatization: Evidence from Ukraine

J. David Brown (), John Earle () and Volodymyr Vakhitov ()

No 601, CERT Discussion Papers from Centre for Economic Reform and Transformation, Heriot Watt University

Abstract: 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 that privatization reduces wages by 5 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 discernable relationship with gender, education, or experience.

Keywords: privatization; layoffs; wages; Ukraine (search for similar items in EconPapers)
JEL-codes: D21 G34 J23 J31 L33 P23 P31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-tra
Date: 2006
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http://www2.hw.ac.uk/sml/downloads/cert/wpa/2006/dp0601.pdf (application/pdf)

Related works:
Journal Article: Wages, layoffs, and privatization: Evidence from Ukraine (2006) Downloads
Working Paper: Wages, Layoffs, and Privatization: Evidence from Ukraine (2006) Downloads
Working Paper: Wages, Layoffs, and privatization: Evidence from Ukraine Downloads
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