Add to ORKGUsing random H-1B visa lotteries as a natural experiment, we document that firms respond to shortages of high-skilled workers by acquiring firms that have such workers and own negligible amounts of tangible assets. Additional tests show that desire for the targets’ skilled labor is an important driver of these acquisitions. Using the near-universe of employee LinkedIn profiles and H-1B visa microdata, we also provide direct evidence that skilled workers are hired through these acquisitions. Our findings suggest skilled labor is an important driver of acquisitions and acquisitions are an effective means of hiring skilled labor
Labor contract is often used as a risk-sharing mechanism between firms and employees. From acquirer’...
This is a greatly revised version of NBER Working Paper 20668, previously titled “The Effect of High...
We study the impact of skilled immigrants on the employment structures of U.S. firms using matched e...
Using random H-1B visa lotteries as a natural experiment, we document that firms respond to shortage...
This paper shows that firms' demand for high-skilled foreign workers partly results from their hirin...
Many U.S. businessmen are vocally in favor of an increase in the number of H-1B visas. Is there syst...
Firms differ in their dependence on skilled labor, and face labor adjustment costs that increase wit...
A letter report issued by the General Accounting Office with an abstract that begins "In recent year...
We examine the value of skilled immigrants in finance by exploiting two natural experiments. We find...
The effects that foreign workers have on the labor market outcomes of domestic workers is of tremend...
Existing work studies the effects of corporate events — such as mergers and acquisitions (M&A) — on ...
Firms let their employees operate assets to produce goods and services. Firm-specificity of asset an...
We argue that liquidity constrained firms face strong incentives to hire experienced, but low abilit...
This paper studies the complementarity between domestic and foreign skilled workers. It develops a s...
We examine the value of skilled foreign labor for hedge funds by leveraging on two natural experimen...
Labor contract is often used as a risk-sharing mechanism between firms and employees. From acquirer’...
This is a greatly revised version of NBER Working Paper 20668, previously titled “The Effect of High...
We study the impact of skilled immigrants on the employment structures of U.S. firms using matched e...
Using random H-1B visa lotteries as a natural experiment, we document that firms respond to shortage...
This paper shows that firms' demand for high-skilled foreign workers partly results from their hirin...
Many U.S. businessmen are vocally in favor of an increase in the number of H-1B visas. Is there syst...
Firms differ in their dependence on skilled labor, and face labor adjustment costs that increase wit...
A letter report issued by the General Accounting Office with an abstract that begins "In recent year...
We examine the value of skilled immigrants in finance by exploiting two natural experiments. We find...
The effects that foreign workers have on the labor market outcomes of domestic workers is of tremend...
Existing work studies the effects of corporate events — such as mergers and acquisitions (M&A) — on ...
Firms let their employees operate assets to produce goods and services. Firm-specificity of asset an...
We argue that liquidity constrained firms face strong incentives to hire experienced, but low abilit...
This paper studies the complementarity between domestic and foreign skilled workers. It develops a s...
We examine the value of skilled foreign labor for hedge funds by leveraging on two natural experimen...
Labor contract is often used as a risk-sharing mechanism between firms and employees. From acquirer’...
This is a greatly revised version of NBER Working Paper 20668, previously titled “The Effect of High...
We study the impact of skilled immigrants on the employment structures of U.S. firms using matched e...
