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Effect of food industry mergers and acquisitions on employment and wages


Author:
Ollinger, Michael., United States, Department of Agriculture., and Economic Research Service.
Source:
USDA
Year:
2005
Subject:
Food industry and trade, Wages, Consolidation and merger of corporations, wages and remuneration, and food industry
Abstract:
Empirical analysis of mergers and acquisitions in eight important food industries suggests that workers in acquired plants realized modest increases in employment and wages relative to other workers. Results also show that mergers and acquisitions reduced the likelihood of plant closures while high relative labor costs encouraged plant shutdowns. These results differ from commonly held views that mergers and acquisitions lead to fewer jobs, wage cuts, and plant shutdowns.
Language:
English
Publisher:
United States Dept. of of Agriculture, Economic Research Serv.
Series:
Economic research report (United States. Department of Agriculture. Economic Research Service) ; no. 13
Collection:
USDA publications
Permanent URL:
http://handle.nal.usda.gov/10113/18142