abstract: 'This paper relies on a model of wealth distribution dynamics and

  occupational choice to investigate the distributional consequences of

  policies and developments associated with transition from central

  planning to a market system. The model suggests that even an efficient

  privatization designed to be egalitarian may lead to increases in

  inequality land possibly poverty), both during transition and in the new

  steady-state. Creation of new markets in services also supplied by the

  public sector may also contribute to an increase in inequality, as can

  labour market reforms that lead to a decompression of the earnings

  structure and to greater flexibility in employment. The results

  underline the importance of retaining government provision of basic

  public goods and services; of removing barriers that prevent the

  participation of the poor in the new private sector; and of ensuring

  that suitable safety nets are in place.'
affiliation: 'Ferreira, FHG (Corresponding Author), World Bank, 1818 H St NW, Washington,
  DC 20433 USA.

  World Bank, Washington, DC 20433 USA.'
author: Ferreira, FHG
author_list:
- family: Ferreira
  given: FHG
da: '2023-09-28'
doi: 10.1111/1468-0351.00018
files: []
issn: 0967-0750
journal: ECONOMICS OF TRANSITION
keywords: transition economies; privatization; inequality; wealth distribution
keywords-plus: GROWTH; RETURNS
language: English
number: '2'
number-of-cited-references: '27'
pages: 377-410
papis_id: e79bf33900d6cd439d3d80cfc96f1edf
ref: Ferreira1999economictransition
times-cited: '28'
title: Economic transition and the distributions of income and wealth
type: article
unique-id: WOS:000082794100005
usage-count-last-180-days: '0'
usage-count-since-2013: '5'
volume: '7'
web-of-science-categories: Economics
year: '1999'