Are foreign private equity buyouts bad for workers?

Martin Olsson, Joacim Tåg*

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)

Abstract

The media often cast foreign private equity firms as villains who gamble with local jobs. We use detailed registry data from Sweden to show that foreign buyouts have not affected workers’ labor market outcomes. But domestic buyouts have. They have increased unemployment incidence by a fifth, duration by a third, and lowered labor income by seven percent.

Original languageEnglish
Peer-reviewed scientific journalEconomics Letters
Volume172
Pages (from-to)1-4
Number of pages4
ISSN0165-1765
DOIs
Publication statusPublished - 11.2018
Externally publishedYes
MoE publication typeA1 Journal article - refereed

Keywords

  • Buyouts
  • Cross-border
  • Employment
  • Foreign
  • LBOs
  • Private equity
  • Workers

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