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| Titre : | Cross-Border Merger and Acquisition Activity and Wage Dynamics (2021) |
| Auteurs : | Gianluca Orefice ; Nicholas Sly ; Farid Toubal |
| Type de document : | Article : texte imprimé |
| Dans : | Industrial and labor relations review - ILR review (vol. 74, n° 1, January 2021) |
| Article en page(s) : | pp. 131–162 |
| Langues: | Anglais |
| Catégories : |
Thésaurus CEREQ RESTRUCTURATION D'ENTREPRISE ; ENTREPRISE MULTINATIONALE ; SALAIRE ; POLITIQUE SALARIALE D'ENTREPRISE ; DADS - DECLARATION ANNUELLE DE DONNEES SOCIALES ; ENQUETE ANNUELLE D'ENTREPRISE ; ECONOMETRIE ; FRANCE |
| Résumé : | Using detailed administrative data that link French firms and workers over the years 2002 to 2007, the authors document declines in worker-level wages ahead of the time their employer is acquired by a foreign firm that are more than offset by gains in wages that emerge after cross-border acquisition. Specifically, relative wages fall by an estimated 7.5% in the years just before foreign acquisition, and they rise by approximately 12.5% in the years afterward. Changes in workers’ earnings are evident in both wages and in-kind payments given to workers. Moreover, the authors provide theoretical foundations for the conditional mean independence assumption that underlies commonly applied empirical techniques. |
| Document Céreq : | Non |
| En ligne : | https://doi.org/10.1177/0019793919839031 |
