Opening to trade can substantially increase local labour market concentration, but whether local firms exploit this to underpay workers depends on workers’ ability to substitute across versus within labour markets
When SOEs are privatised their employees’ wages, particularly for the less educated, fall dramatically, which also has negative spillover effects on workers at other private sector firms.
When SOEs are privatised their employees’ wages, particularly for the less educated, fall dramatically, which also has negative spillover effects on workers at other private sector firms.
