Worker–Plant Matching and Ownership Change*
利用匹配的雇主-雇员数据，研究了所有权变更前后工人质量在可观测和不可观测维度的变化，发现国内收购导致工人离职增加和不可观测质量下降，而外资收购则与高技能工人共享租金。
Abstract Is a change in ownership an opportunity for the new owners to make systematic changes to the workforce of the acquired plant? Using matched employer–employee data, we document changes to the workforce along observable and unobservable dimensions of worker quality around the time of ownership change. We observe above‐average separations of workers around domestic acquisitions. This is associated with a decline in unobserved worker quality in the plant. Foreign acquisitions are not associated with above‐average worker turnover; instead, new foreign owners share rents with the high‐skilled workers who are already in the plant before the acquisition.