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We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that saw huge swings in credit market tightness and GDP growth. Our results show striking, systematic differences in the real-side effects of PE buyouts, depending on buyout type and external conditions....
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It is well known that the long-term unemployed fare worse in the labor market than the short-term unemployed, but less clear why this is so. One potential explanation is that the long-term unemployed are "bad apples" who had poorer prospects from the outset of their spells (heterogeneity)....
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production, wages, and employment that have occurred over the last several decades. We investigate the following two related … hypotheses. First, that most of the recent increase in the dispersion of wages and productivity has occurred across … establishments and these changes are linked. Second, that the increased dispersion in wages and productivity across establishments is …
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productivity, the skill mix of the workforce and wages using micro data for the U.S. and Germany. We find support to the idea that … of adopting new technology on productivity and wages is greater the in U.S. than in Germany. …
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