【经管院每周系列讲座第340期】What is the cost of privatization for workers?
主题：What is the cost of privatization for workers?
主讲人：Martin Olsson,Research Fellow, Research Institute of Industrial Economics (IFN), Sweden
The world is in the midst of a new wave of privatization, with record dollar amounts raised in both developed and developing countries. Using rich Swedish registry data covering two decades from the mid-1990s, we show that privatizations increased unemployment incidence by almost a fifth, and duration by a quarter, relative to peers who remained employed by a state-owned enterprise. This led to almost one million extra days of unemployment. Wages and labor force participation remain unchanged. At the firm level, net employment remained unchanged and productivity increased. These results shed new light on the welfare costs of privatizations.