{"title":"雇主合并对劳动力市场的影响:来自德国的证据","authors":"Kevin Todd , Jörg Heining","doi":"10.1016/j.labeco.2024.102508","DOIUrl":null,"url":null,"abstract":"<div><p>We use detailed administrative data to study how acquisitions – specifically the acquisition of a plant by a firm with a similar plant in the same local labor market – affect workers. Using an event study framework with a control group of workers at unaffected plants, we find that acquisitions lead to employment losses for workers initially employed at the acquired firm, mainly associated with labor force withdrawals by older female workers. At the same time we find evidence of a rise in wages for workers initially employed at targets and at the acquiring firm who remain with the combined enterprise, concentrated among lower-wage workers. Our findings suggest that consolidations lead to a reduction in overall employment but a rise in rents per worker that lead to a pattern of losers and winners in the labor market.</p></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":null,"pages":null},"PeriodicalIF":2.2000,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0927537124000046/pdfft?md5=83ae173850eec9067f65446a50f8855c&pid=1-s2.0-S0927537124000046-main.pdf","citationCount":"0","resultStr":"{\"title\":\"The labor market impacts of employer consolidation: Evidence from Germany\",\"authors\":\"Kevin Todd , Jörg Heining\",\"doi\":\"10.1016/j.labeco.2024.102508\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>We use detailed administrative data to study how acquisitions – specifically the acquisition of a plant by a firm with a similar plant in the same local labor market – affect workers. Using an event study framework with a control group of workers at unaffected plants, we find that acquisitions lead to employment losses for workers initially employed at the acquired firm, mainly associated with labor force withdrawals by older female workers. At the same time we find evidence of a rise in wages for workers initially employed at targets and at the acquiring firm who remain with the combined enterprise, concentrated among lower-wage workers. Our findings suggest that consolidations lead to a reduction in overall employment but a rise in rents per worker that lead to a pattern of losers and winners in the labor market.</p></div>\",\"PeriodicalId\":48153,\"journal\":{\"name\":\"Labour Economics\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":2.2000,\"publicationDate\":\"2024-01-11\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S0927537124000046/pdfft?md5=83ae173850eec9067f65446a50f8855c&pid=1-s2.0-S0927537124000046-main.pdf\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Labour Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0927537124000046\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labour Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0927537124000046","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
The labor market impacts of employer consolidation: Evidence from Germany
We use detailed administrative data to study how acquisitions – specifically the acquisition of a plant by a firm with a similar plant in the same local labor market – affect workers. Using an event study framework with a control group of workers at unaffected plants, we find that acquisitions lead to employment losses for workers initially employed at the acquired firm, mainly associated with labor force withdrawals by older female workers. At the same time we find evidence of a rise in wages for workers initially employed at targets and at the acquiring firm who remain with the combined enterprise, concentrated among lower-wage workers. Our findings suggest that consolidations lead to a reduction in overall employment but a rise in rents per worker that lead to a pattern of losers and winners in the labor market.
期刊介绍:
Labour Economics is devoted to publishing research in the field of labour economics both on the microeconomic and on the macroeconomic level, in a balanced mix of theory, empirical testing and policy applications. It gives due recognition to analysis and explanation of institutional arrangements of national labour markets and the impact of these institutions on labour market outcomes.