Mergers and Acquisitions, Employment, Wages and Plant Closures in the U.S. Meat Product Industries: Evidence from Micro Data

Michael Ollinger and Sang Nguyen

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: The purpose of this paper is to evaluate the impact of mergers and acquisitions (M&As) on wages and employment and plant closures in the meat packing, prepared meat products, and poultry slaughter and processing industries over 1977-87 and 1982-92. The analysis relies on a balanced panel dataset of all plants owned by meat and poultry firms that existed over 1977-87 or 1982-92. We find that (1) M&As are positively associated with wages in the meat packing and prepared meat products industries over 1977-87, but not over 1982-92; (2) changes in employment are positively related to M&As in all three meat and poultry industries over 1977-87, but only in the poultry industry over 1982-92; and (3) M&As are negatively associated with plant closures.

Keywords: mergers and acquisitions; wages; employment; meat industry; poultry industry (search for similar items in EconPapers)
JEL-codes: J63 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2007-03
New Economics Papers: this item is included in nep-com
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Citations: View citations in EconPapers (2)

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https://www2.census.gov/ces/wp/2007/CES-WP-07-08.pdf First version, 2007 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:07-08

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