From Wall Street to Work Floor: How Private Equity Buyouts Affect Workers

Martin Olsson and Joacim Tåg

No 1475, Working Paper Series from Research Institute of Industrial Economics

Abstract: Private equity buyouts have sparked debates among labor unions and worker representatives on how they affect workers. This chapter provides an overview of academic evidence on how private equity buyouts affect workers. We review the theoretical reasons why employees could be affected and then survey the empirical evidence. We point out that significant strides have been made in understanding how private equity buyouts influence workers, with a plethora of studies available for policymakers and practitioners. These studies have found that the impact on workers is not uniform; it varies based on the type of buyout, the nature of workers' roles in the firm before the buyout, and the country's institutional environment. We also highlight a few understudied areas that warrant more attention.

Keywords: Private Equity Buyouts; Restructuring; Wages; Employment Health Job Satifaction (search for similar items in EconPapers)
JEL-codes: G34 J24 J31 L25 M51 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2023-10-11
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:1475

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