Private equity, layoffs, and job polarization

Martin Olsson*, Joacim Tåg

*Motsvarande författare för detta arbete

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

15 Citeringar (Scopus)

Sammanfattning

Private equity firms are often criticized for laying off workers, but the evidence on who loses their jobs and why is scarce. This paper argues that explanations for job polarization also explain layoffs after private equity buyouts. Buyouts reduce agency problems, which triggers automation and off shoring. Using rich employer-employee data, we show that buyouts generally do not affect unemployment incidence. However, unemployment incidence doubles for workers in less productive firms who performroutine or offshorable job tasks. Job polarization is also much more marked among workers affected by buyouts than for the economy at large.

OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftJournal of Labor Economics
Volym35
Utgåva3
Sidor (från-till)697-754
Antal sidor58
ISSN0734-306X
DOI
StatusPublicerad - 2017
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 511 Nationalekonomi

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