Privatized Firms, Rule of Law and Labor Outcomes in Emerging Markets

Gianmarco León-Ciliotta () and Alberto Chong

No 1957, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper takes advantage of a recent large firm-level dataset to compare labor indicators of privatized, private, and public firms around the world, particularly wages, benefits, labor composition, education and training, unionization, and quality of management. While labor productivity increases after privatization, the ratio of permanent workers to temporary workers also increases. Convergence depends to some degree on the quality of the institutions, namely, the rule of law. Not only is this true for the ratio of permanent workers to temporary workers, but also for education of the workforce, and for the managers years of experience. On the other hand, the rule of law appears to be less important in the case of labor productivity and training.

Keywords: WP-608 (search for similar items in EconPapers)
JEL-codes: O10 (search for similar items in EconPapers)
Date: 2007-06
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Working Paper: Privatized Firms, Rule of Law and Labor Outcomes in Emerging Markets (2007)
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