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1、ImpactsofPrivatizationonEmployment：EvidencefromChinaNo.E20060082006-05ImpactsofPrivatizationonEmployment:EvidencefromChina*LingwenHuang&YangYaoNO.E2006008June5,2006ImpactsofPrivatizationonEmployment:*EvidencefromChinaLingwenHuang&YangYaoNO.E2006008June5,2006*LingwenHuan
2、g,aMetsrutsedn,tihCnaeCnetrofroEcnoimceResa,hcrePikngnUievris;ytYangYao,ropefssor,ihCnaeCnetrofrEocnoimceResa,hcrePikngnUievisr.yteWahtnkapitricapntsofethifhtfihCnaocEnoimcnAnualoCnefrenecofrehtirehupfllocemmn.steWaregraetuflofrehteoffstrofehtatSetocEnoimcandTaredoCimmsison,eht
3、ePolpes'eRupilbcofihCnainehlipngocelltctehadatandehtnIetnraitonalFinanecoCorpraitonofristepimrissonotuesehtadat.oCreropsnednecautohr:YangYao;ihCnaeCnetrofrocEnoimceResa,rhcePikngnUievsriyt,eBiijng,ihCna,;178001aEmilaerdd:ssyyaoecc@ukp.re.ud.nc;hpone:;337021-05-6618af:x.415
4、741-7626-08ImpactsofPrivatizationonEmployment:EvidencefromChina.AbstractThispaperevaluatestheimpactofprivatizationonrmemploymentusingapaneldatasetof386rmsinChinaintheperiod1995-2001.Controllingrmandyearxedeects,ourpanelregressionsndthatemploymentgrowsfasterinprivatizedrmsthanin
5、purestate-ownedrmsbyamarginof17.7percentagepointsoverthebaseyearof1995.Wealsostudythedynamicimpactofprivatizationonemploymentgrowthandndthattheperformanceofprivatizedrmsimprovesovertime.Thesendingsarerobustevenafterwecontrolotherperformanceandnancialvariablesaswellasthepre-priv
6、atizationemploymenthistoryofprivatizedrms.Inaddition,weemploythedierence-in-dierencepropensityscorematchingmethodtochecktherobustnessofourresults.Theestimatesconrmtheregression-basedresults.JELClassication:J23,L33,P311IntroductionPrivatizationhasbeenthemostsignicanteconomicphen
7、omenoninrecentyearsinChina.Between1995and2004,50percentofstate-ownedenterprises(SOEs)werefullyorpar-tiallyprivatized(Garnaut,Song,Tenev,andYao,2005).China'sprivatizationprogram,iffullycarriedout,maybethelargestindustrialownershiptransformationeverundertaken,aectingmorethan
8、200,000SOEsand100millionurbanworkers(Wei,Varela,andHas
