Private Equity, Layoffs, and Job Polarization

@article{Olsson2017PrivateEL,
  title={Private Equity, Layoffs, and Job Polarization},
  author={M. Olsson and Joacim T{\aa}g},
  journal={Journal of Labor Economics},
  year={2017},
  volume={35},
  pages={697 - 754}
}
  • M. Olsson, Joacim Tåg
  • Published 2017
  • Business
  • Journal of Labor Economics
  • 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 offshoring. 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… CONTINUE READING
    26 Citations
    Are foreign private equity buyouts bad for workers
    • 2
    • PDF
    Are Foreign Private Equity Buyouts Bad for Workers?
    Private Equity and Human Capital Risk
    • 15
    • Highly Influenced
    • PDF
    Job polarization, job tasks and the role of firms
    • 29
    • PDF
    What is the Cost of Privatization for Workers?
    • 2
    • PDF

    References

    SHOWING 1-10 OF 113 REFERENCES
    Do Entrenched Managers Pay Their Workers More?
    • 282
    • Highly Influential
    • PDF
    Private Equity, Technological Investment, and Labor Outcomes
    • 8
    • Highly Influential
    • PDF
    Managers, Workers and Corporate Control
    • 384
    • PDF
    Private Equity, Jobs, and Productivity
    • 193
    • Highly Influential
    • PDF