Job Transitions and Employee Earnings after Acquisitions: Linking Corporate and Worker Outcomes
收购后的工作转换与雇员收入：连接企业和劳动者结果
Abstract This paper connects changes in employer characteristics through job transitions to employee earnings following mergers and acquisitions. Using firm balance sheet data linked to individual earnings data in Canada and a matched difference-in-differences design, we find that earnings of workers at target firms decrease after M&As relative to control workers, largely driven by those who move to other firms. Workers leaving targets move to larger and more profitable…