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Privatization, Social Impact, and Social Safety Nets

Author

Listed:
  • Mr. Sanjeev Gupta
  • Mr. Henry Ma
  • Mr. Christian Schiller
Abstract
Privatization promotes economic efficiency and growth, thereby reinforcing macroeconomic adjustment. In the short run, however, it can lead to job losses and wage cuts for workers and higher prices for consumers. This paper discusses these impacts and the fiscal implications of privatization. It then reviews various methods of privatization and finds that public sales and auctions can have more negative effects on workers but maximize the government’s revenue gains. Policymakers’ options for mitigating the social impact of privatization are surveyed, and experiences under adjustment programs reviewed.

Suggested Citation

  • Mr. Sanjeev Gupta & Mr. Henry Ma & Mr. Christian Schiller, 1999. "Privatization, Social Impact, and Social Safety Nets," IMF Working Papers 1999/068, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1999/068
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    Citations

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    Cited by:

    1. AlHussaini, Wissam & Molz, Rick, 2009. "A post-Keynesian regulatory model of privatization," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(2), pages 391-398, March.
    2. Joey R. Ghaleb, 2001. "The Lebanese Telecommunication Sector and The Impact of Privatization on The Labor Market," Working Papers 0107, Economic Research Forum, revised 03 Jan 2001.
    3. Beatriz Cuadrado-Ballesteros & Noemí Peña-Miguel, 2018. "The Socioeconomic Consequences of Privatization: An Empirical Analysis for Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(1), pages 163-183, August.
    4. Buffie, Edward F., 2009. "Public sector layoffs, severance pay, and inflation in the small open economy," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 987-1005, October.
    5. Asma Hyder, 2007. "Employment Preferences and Length of Job Queues in Pakistan," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 1(4), pages 383-401, December.
    6. Asma, Hyder, 2007. "Employment Preferences and Length of Job Queues in Pakistan: An Update," MPRA Paper 19572, University Library of Munich, Germany.
    7. Kwame Sundaram Jomo & Anis Chowdhury, 2018. "Privatization Rarely in Public or National Interest," Development, Palgrave Macmillan;Society for International Deveopment, vol. 61(1), pages 84-88, December.

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