Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284215 
Year of Publication: 
2022
Series/Report no.: 
IFS Working Papers No. 22/45
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent even four years later. We show that the primary mechanism for this job loss is labor restructuring at consolidating firms. Specifically, workers with higher-than-expected pay relative to their human capital and workers with skills that are likely already present at acquirers are less likely to be retained.
Subjects: 
Adoption
Employment effect
Household income
Labor demand
Estimation
Netherlands
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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