We study workers' reactions to changes in the gender composition of top management during a merger or acquisition, finding that an increase in the number of female top managers within their occupation makes male workers more likely to quit, and female workers less likely to quit. These effects...

Using exogenous changes in workers' relative wages during mergers and acquisitions (M&As), this paper analyzes how changes in workers' relative wages, or status, in the workplace affect their turnover decisions. Evidence suggests that workers not only care about their status, but also have...