| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2895 |
| 来源ID | Working Paper 2895 |
| The Effect of Takeovers on the Employment and Wages of Central-Office and Other Personnel | |
| Frank Lichtenberg; Donald Siegel | |
| 发表日期 | 1989-03-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | This paper presents evidence based on establishment-level Census Bureau data concerning the effects of ownership change on the employment and wages of both central-office workers and manufacturing plant employees. We find that central offices that changed owners between 1977 and 1982 had substantially lower -- about 16% lower -- employment growth during that period than central offices not changing owners. (There was, however, no significant difference in the growth of R&D employment.) In contrast, employment growth in production establishments changing owners was only 5% lower than it was in production establishments not changing owners. (The relative employment decline in production establishments changing owners occurred in the 2 or 3 years before the takeover; after the takeover, employment recovered a bit, but not enough to offset the previous decline.) This implies that the ratio of central-office to plant employees declines about 11% in firms changing owners: about 7.2 administrators per 1000 plant employees are eliminated. These findings are consistent with the view that reduction of administrative overhead is an important motive for changes in ownership. Failure to account for reductions in central-office employment results in a substantial (about 40%) underestimate of the productivity gains associated with ownership change. We also provide evidence concerning the relationship between firm size and administrative-intensity. |
| 主题 | Financial Economics ; Industrial Organization |
| URL | https://www.nber.org/papers/w2895 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560164 |
| 推荐引用方式 GB/T 7714 | Frank Lichtenberg,Donald Siegel. The Effect of Takeovers on the Employment and Wages of Central-Office and Other Personnel. 1989. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2895.pdf（1345KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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