Are foreign private equity buyouts bad for workers?
(2018) In Economics Letters 172. p.1-4- Abstract
The media often cast foreign private equity firms as villains who gamble with local jobs. We use detailed registry data from Sweden to show that foreign buyouts have not affected workers’ labor market outcomes. But domestic buyouts have. They have increased unemployment incidence by a fifth, duration by a third, and lowered labor income by seven percent.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/e8276df2-a693-4e36-83ae-b1eed1ee3410
- author
- Olsson, Martin LU and Tåg, Joacim LU
- publishing date
- 2018-11-01
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Buyouts, Cross-border, Employment, Foreign, LBOs, Private equity, Workers, G24, J20
- in
- Economics Letters
- volume
- 172
- pages
- 4 pages
- publisher
- Elsevier
- external identifiers
-
- scopus:85051675679
- ISSN
- 0165-1765
- DOI
- 10.1016/j.econlet.2018.08.002
- language
- English
- LU publication?
- no
- id
- e8276df2-a693-4e36-83ae-b1eed1ee3410
- date added to LUP
- 2020-01-23 15:51:03
- date last changed
- 2022-03-26 01:48:28
@article{e8276df2-a693-4e36-83ae-b1eed1ee3410, abstract = {{<p>The media often cast foreign private equity firms as villains who gamble with local jobs. We use detailed registry data from Sweden to show that foreign buyouts have not affected workers’ labor market outcomes. But domestic buyouts have. They have increased unemployment incidence by a fifth, duration by a third, and lowered labor income by seven percent.</p>}}, author = {{Olsson, Martin and Tåg, Joacim}}, issn = {{0165-1765}}, keywords = {{Buyouts; Cross-border; Employment; Foreign; LBOs; Private equity; Workers; G24; J20}}, language = {{eng}}, month = {{11}}, pages = {{1--4}}, publisher = {{Elsevier}}, series = {{Economics Letters}}, title = {{Are foreign private equity buyouts bad for workers?}}, url = {{http://dx.doi.org/10.1016/j.econlet.2018.08.002}}, doi = {{10.1016/j.econlet.2018.08.002}}, volume = {{172}}, year = {{2018}}, }