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Reference: Alberto Behar and James Hodge, (2007). The employment effects of mergers in a declining industry: the case of South African gold mining. Department of Economics (University of Oxford).Citable link to this page:

 

The employment effects of mergers in a declining industry: the case of South African gold mining. Series: Discussion paper series

Abstract: An industry in decline provides an appropriate setting for the theory that mergers andacquisitions destroy implicit contracts and allow for the shedding of excess labour. We test thistheory using provincial data from the South African gold mining industry, which has been indecline over the last two decades. Our data clearly portray rises in real wages and fallingemployment after the end of apartheid and our econometric results are remarkably consistentwith standard labour demand theory. We find evidence of a significant negative effect ofmergers/acquisitions on employment of a magnitude similar to that found for ContinentalEurope. This supports the view that negative employment effects are more likely in rigid labourmarkets.

Bibliographic Details

Issue Date: 2007-07Identifiers

Urn: uuid:f5d8d31d-4951-4a05-95d3-ac730d9a2620 Item Description

Type: info:eu-repo/semantics/workingPaper;

Language: en Tiny URL: ora:1374

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Author: Alberto Behar - - - James Hodge - - - - Bibliographic Details Issue Date: 2007-07 - Identifiers Urn: uuid:f5d8d31d-4951-4a05-95d3

Source: https://ora.ox.ac.uk/objects/uuid:f5d8d31d-4951-4a05-95d3-ac730d9a2620



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