The author estimate the costs and benefits of labor retrenchment in state-owned industrial enterprises in China. Their results indicate the prevalence of low and stagnant labor productivity, low capital productivity, and excessively high wages in the state sector for the period reviewed (1994-97). The private sector exhibited consistently greater productivity. The authors' most striking finding: A greater gain could be realized from capital transfer...
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INFORMATION
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2000/05/31
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Document de travail de recherche sur les politiques
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WPS2354
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1
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1
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2010/07/01
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When the bureaucrats move out of business : a cost-benefit assessment of labor retrenchment in China
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state sector
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