Azar, José; Qiu, Yue; Sojourner, Aaron - 2022
In this paper, we study the effects of common ownership, the extent to which firms are linked via common owners, on … employee earnings in U.S. local labor markets. Between 1999 and 2017, common ownership in local labor markets has more than … doubled. Panel regressions show that employee earnings in a local labor market are negatively associated with common ownership …