We use detailed administrative data to study how acquisitions - specifically the acquisition of a plant by a firm with a similar plant in the same local labor market - affect workers. Using an event study framework with a control group of workers at unaffected plants, we find that acquisitions...

A growing body of new research has emphasized the macroeconomic consequences of transactional impediments in factor markets, and their role in the recurrent restructuring requirements of modern economies. We first review the function institutional arrangements play in facilitating transactions...

This paper empirically analyzes the labor market for corporate directors and the role compensation plays in this market. Since salaries are not individually negotiated with directors, preferences of directors and firms, rather than wages, determine market outcomes. I estimate preferences from a...