Abstract
This article examines the effect of privatization on the use of inputs and hence on labour, capital and other supplies in 11 firms which were privatized in the UK in the 1980s. Privatization has been associated with higher productivity and labour does seem to have lost out in terms of income shares, though to a lesser degree in terms of employment and wage relativities. There is no evidence that continued state regulation has caused firms to behave differently from other privatized companies.
Original language | English |
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Pages (from-to) | 31-38 |
Number of pages | 8 |
Journal | Public Money and Management |
Volume | 16 |
Issue number | 1 |
Publication status | Published - 1996 |