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

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.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Gianmarco León
Format:	Working Papers biblioteca
Language:	English
Published:	Inter-American Development Bank
Subjects:	Labor Policy, O10 - Economic Development: General, WP-608,
Online Access:	http://dx.doi.org/10.18235/0010978 https://publications.iadb.org/en/privatized-firms-rule-law-and-labor-outcomes-emerging-markets
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