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Wage policies in the public sector during wholesale privatization

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  • Jelena Nikolic

    (Northeastern University, USA)

Abstract

Examining the implications of changes in public sector wage-setting arrangements due to privatization is a relatively new area of economics research, with few studies having analyzed the effects of public sector restructuring on relative wages in developed countries. There is, however, a growing empirical literature that measures the effects of transitioning from central planning to market-based systems on public–private sector wage differentials. Policymakers can learn from this evidence about the ways in which ownership transformation affects the distribution of wages in both the public and private employment sectors.

Suggested Citation

  • Jelena Nikolic, 2017. "Wage policies in the public sector during wholesale privatization," IZA World of Labor, Institute of Labor Economics (IZA), pages 388-388, October.
    • Handle: RePEc:iza:izawol:journl:y:2017:n:388
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    public sector; wage compression; economic transition; wage policies;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
    • J45 - Labor and Demographic Economics - - Particular Labor Markets - - - Public Sector Labor Markets
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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