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Swedish Workers Lose Out In M&A Even When CEOs Gain

Jakob Beuschlein, Jósef Sigurdsson and Horng Chern Wong
Summary Teaser: In a new working paper, Jakob Beuschlein, Jósef Sigurdsson, and Horng Chern Wong find that workers at acquired firms in Sweden experience wage cuts. Rather than from the increased monopsony power of employers, these wage cuts are due to rent redistribution toward higher CEO pay.

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