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Horizontal Mergers and Wage Inequality

Author

Listed:
  • Jiancai Pi
  • Pengqing Zhang

Abstract

This paper incorporates horizontal mergers into the general-equilibrium framework embedded with game theory and separately analyzes how horizontal mergers in the skilled sector and the unskilled sector influence the skilled unskilled wage inequality. In an economy with full employment, a horizontal merger in the skilled sector will certainly reduce the wage gap. In an economy with unemployment, a horizontal merger in the skilled sector will conditionally expand the wage inequality. Whether in an economy with full employment or in an economy with unemployment, a horizontal merger in the unskilled sector will conditionally widen the wage gap.

Suggested Citation

  • Jiancai Pi & Pengqing Zhang, 2018. "Horizontal Mergers and Wage Inequality," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 174(3), pages 495-513, September.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(201809)174:3_495:hmawi_2.0.tx_2-h
    DOI: 10.1628/093245617X14996661407785
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    Citations

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    Cited by:

    1. Pengqing Zhang, 2019. "Skill formation, environmental pollution, and wage inequality," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 62(2), pages 405-424, April.
    2. Jiancai Pi & Xiangyu Huang, 2021. "Product Variety and Wage Inequality," Annals of Economics and Finance, Society for AEF, vol. 22(1), pages 135-151, May.
    3. Jiancai Pi & Shuning Li, 2022. "Managerial Delegation and Wage Inequality," Annals of Economics and Finance, Society for AEF, vol. 23(1), pages 141-157, May.

    More about this item

    Keywords

    horizontal mergers; wage inequality;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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