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Are foreign private equity buyouts bad for workers?

Olsson, Martin LU and Tåg, Joacim LU orcid (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:
author
and
publishing date
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}},
}