Effect of privatization and broader reforms on the labour use adjustments and efficiency

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Abstract

State-owned firms were said to have an excessive use of labour. The cost of job losses after privatization was debated but ignored due to perceived efficiency gains in the utilization of labour. We estimate longer time employment risk, labour use adjustment and the efficiency of labour utilization in the Pakistani cement industry. We conclude that firms have made significant adjustments in labour use and employment risks have indeed reduced. Our estimates however, show that long run labour use efficiency in the industry and in the privatized firms has not improved, but that, surprisingly, firms set-up and operated privately have experienced a decrease in labour efficiency.
Original languageEnglish
Number of pages20
JournalAnnals of Public and Cooperative Economics
Early online date9 Mar 2017
DOIs
Publication statusEarly online - 9 Mar 2017

Keywords

  • labour use efficiency
  • privatization
  • wage elasticity
  • employment risk

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