| Author: | McGuckin, R. H. Nguyen, S. V. |
| Title: | The impact of ownership changes: a view from labor markets |
| Journal: | International Journal of Industrial Organization
2001 : APR, VOL. 19:5, p. 739-762 |
| Index terms: | EMPLOYMENT PAY INDUSTRIAL PLANT MANUFACTURING INDUSTRY |
| Language: | eng |
| Abstract: | In this study, the authors use plant-level data for the entire US manufacturing sector for the period 1977-87 to examine the effects of ownership changes on employment, wages and plant closing. The authors' principal findings are that ownership changes are not a primary vehicle for cuts in employment and wages, or closing plants. Instead, the typical ownership change increases jobs and their quality as measured by wages. However, some ownership changes, particularly those in bigger plants, are associated with job loss, and the typical worker fares much worse than the typical plant. Finally, the authors find that plants that changed owners have a higher probability of survival than those that did not. Overall, the impact of ownership changes on labor markets are positive. |
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