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This paper investigates a unique policy designed to maintain employment during the privatization of East German firms …
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This paper investigates a unique policy designed to maintain employment during the privatization of East German firms …
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transition economies to estimate the impacts of privatization on employment and wages. The results in all four countries … consistently reject job losses and they never imply large wage cuts from privatization to either foreign or domestic owners. The … domestic privatization estimates are close to zero for employment, while for wages they are negative but small in magnitude …
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