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Comments on the 2023 draft merger guidelines : a labor market perspective

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - 2023

The DOJ and FTC clarify the role of labor market power ("monopsony") in the 2023 draft merger guidelines. The draft … that a stricter threshold may be warranted in labor markets. The post-merger Herfindahl-Hirschman Index (HHI) that defines … monopsony power in the U.S. may warrant an even lower threshold. For example, merger simulations indicate that workers would …

Persistent link: https://www.econbiz.de/10014335050

Implementing the panel event study

Clarke, Damian; Tapia Schythe, Kathya - 2020

practical considerations for its estimation. We describe a Stata command eventdd that allows for simple estimation, inference …

Persistent link: https://www.econbiz.de/10012256137

Firm consolidation and labor market outcomes

Dobbelaere, Sabien; McCormack, Grace; Prinz, Daniel; … - 2022

Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent...

Persistent link: https://www.econbiz.de/10013455653

Child penalty in Russia: evidence from an event study

Lebedinski, Lara; Perugini, Cristiano; Vladisavljević, … - 2020

Despite years of women's progress toward equality, gender disparities in the labour market persist, and parenthood has been identified as one of its key drivers. In this paper we investigate the child penalty in Russia by using longitudinal data from the Russian Longitudinal Monitoring Survey...

Persistent link: https://www.econbiz.de/10012372822

Post-merger restructuring of the labor force

Gehrke, Britta; Maug, Ernst; Obernberger, Stefan; … - 2021

We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net … younger and less expensive. Mergers create internal labor markets, which are more active if firms have more managerial …

Persistent link: https://www.econbiz.de/10012519948

Should employment authorities worry about mergers and acquisitions?

Margolis, David N. (contributor) - 2006

This paper considers the role mergers and acquisitions have on employment. First, it considers the importance of …. Second, it examines which individuals from which firms remain with the newly created entity after the takeover. Using a … active in the post-takeover period, with employees of the acquired firm being less likely to remain with the new entity in …

Persistent link: https://www.econbiz.de/10003289882

Disability and labor market performance

Collischon, Matthias; Hiesinger, Karolin; Pohlan, Laura - 2023

This paper analyzes the individual-level effects of disability onset on labor market outcomes using novel administrative data from Germany. Combining propensity score matching techniques with an event-study design, we find lasting negative impacts on employment and wages. One important mechanism...

Persistent link: https://www.econbiz.de/10014250641

Reconciling estimates of the long-term earnings effect of fertility

Bensnes, Simon; Huitfeldt, Ingrid; Leuven, Edwin - 2023

This paper presents novel methodological and empirical contributions to the child penalty literature. We propose a new estimator that combines elements from standard event study and instrumental variable estimators and demonstrate their relatedness. Our analysis shows that all three approaches...

Persistent link: https://www.econbiz.de/10014285783

Do foreign owners favor short-term profit? : evidence from Germany

Dill, Verena; Jirjahn, Uwe; Smith, Stephen C. - 2014

Comparing domestic- and foreign-owned firms in Germany, this paper finds that foreign-owned firms are more likely to focus on short-term profit. This influence is particularly strong if the local managers of the German subsidiary are not sent from the foreign parent company. Moreover, the...

Persistent link: https://www.econbiz.de/10010354622

CEO and board characteristics as determinants of private benefits of control : evidence from the Russian stock exchange

Berezinec, Irina V.; Ilina, Julja; Muravyev, Alexander - 2011

This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...

Persistent link: https://www.econbiz.de/10009524994