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Smeets, Valerie - 2006

We examine the dynamics of post-merger organizational integration. Our basic question is whether there is evidence of … pre-merger operations decreases turnover. This finding is inconsistent with the view that workers of the two firms … substitute for each other, creating efficiencies from merger. However, that result and our other findings are consistent with the …

Persistent link: https://www.econbiz.de/10012779047

Mergers and Birth Outcomes : Evidence from Maternity Ward Closures

Avdic, Daniel - 2018

Evidence suggests that hospital mergers can reduce costs but less is known about their effects on patient outcomes. We study how a wave of mergers that led to the shutdown of one third of all Swedish maternity wards affected the health of mothers who gave birth and their newborns. Applying a...

Persistent link: https://www.econbiz.de/10012911187

Minimum Global Tax : Winners and Losers in the Race for Mergers and Acquisitions

Amendolagine, Vito; Bruno, Randolph; Cipollina, Maria; … - 2023

This study aims to quantify the impact of the global minimum corporate tax rate a pillar of the OECD's reform of international taxation on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...

Persistent link: https://www.econbiz.de/10014354666

Wages, Hires, and Labor Market Concentration

Marinescu, Ioana - 2020

.9%, as hypothesized by monopsony theory. Based on a simple merger simulation, we find that a merger between the top two …

Persistent link: https://www.econbiz.de/10012833879

Cross-Border Mergers and National Champions in an Integrating Economy

Südekum, Jens - 2006

We introduce a simple oligopolistic trade model with international transportation costs, and analyze the profitability and the social desirability of national vs. international mergers in relation to three different issues, (i) the level of trade freeness, (ii) the possibility of rent...

Persistent link: https://www.econbiz.de/10012779641

The Economics, Technology and Neuroscience of Human Capability Formation

Heckman, James J. - 2015

This paper begins the synthesis of two currently unrelated literatures: the human capital approach to health economics and the economics of cognitive and noncognitive skill formation. A lifecycle investment framework is the foundation for understanding the origins of human inequality and for...

Persistent link: https://www.econbiz.de/10014049108

Temporary Shocks and Offshoring : The Role of External Economies and Firm Heterogeneity

Mitra, Devashish; Jha, Priyaranjan - 2007

We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities, temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initial advantage of a country...

Persistent link: https://www.econbiz.de/10014049472

Diagnostic Tests of Cross Section Independence for Nonlinear Panel Data Models

Hsiao, Cheng; Pesaran, M. Hashem; Pick, Andreas - 2014

In this paper we discuss tests for residual cross section dependence in nonlinear panel data models. The tests are based on average pair-wise residual correlation coefficients. In nonlinear models, the definition of the residual is ambiguous and we consider two approaches: deviations of the...

Persistent link: https://www.econbiz.de/10014051110

A Positive Analysis of Targeted Employment Protection Legislation

Dolado, Juan J.; Jansen, Marcel; Jimeno, Juan F. - 2007

In many countries, Employment Protection Legislation (EPL) establishes less strict dismissal procedures for specific groups of workers. This paper builds a simple matching model with heterogeneous workers in order to analyze this feature of EPL. We use the model to analyze the effects of reforms...

Persistent link: https://www.econbiz.de/10014051630

Retirement and Consumption in a Life Cycle Model

Blau, David - 2007

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern. A richer version of the model is calibrated to data...

Persistent link: https://www.econbiz.de/10014224349