Mergers, Acquisitions and Employment Duration
David Margolis
Post-Print from HAL
Abstract:
This paper uses a unique data set of linked employer-employee data in which asset transfers between firms can be identified to study the manner in which employment policy changes in the aftermath of a merger or acquisition (M&A). Using parametric duration models with unobserved heterogeneity and modeling the status of the employer with respect to M&A activity, it appear that the employment policy of the firm changes radically after an M&A with respect to the "steady state". Not only do various observed characteristics impact the probability of continued employment in a different manner after an M&A, but the distribution of unobserved characteristics that affect employment changes - reflecting differences in the stock of previous employees and the flow of new hires - as does the impact of this heterogeneity on employment durations.
Keywords: Employment duration; Mergers and Acquisitions; Linked Employer-Employee Data; Durée d'emplois; Fusions et acquisitions; données longitudinales appariées employeur-employé (search for similar items in EconPapers)
Date: 2007-05
References: Add references at CitEc
Citations:
Published in Society of Labor Economists annual meetings, May 2007, Chicago, Illinois, United States
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Working Paper: Mergers, Acquisitions and Employment Duration (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00363595
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().