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The Impact of Firm Acquisitions on Labor

Charles Brown, James L. Medoff

NBER Working Paper No. 2273
Issued in June 1987
NBER Program(s):Labor Studies

In this paper, we investigate the changes in wages and employment following a firm's involvement in an acquisition, compared with firms not involved in acquisitions. Contrary to the tenor of popular press coverage of acquisitions, which focuses on hostile takeovers of large firms, we find small (and sometimes positive) changes in wages and employment following an acquisition.

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Document Object Identifier (DOI): 10.3386/w2273

Published: The Impact of Firm Acquisitions on Labor, Charles Brown, James L. Medoff. in Corporate Takeovers: Causes and Consequences, Auerbach. 1988

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