Grace McCormack

Grace McCormack is a postdoctoral research fellow at the University of Southern California Leonard D. Schaeffer Center for Health Policy and Economics. Her research studies competition and regulatory design in public health insurance markets and insurance benefit design. She received her PhD from Harvard University.

Firm Consolidations Hurt Workers, But Likely Not Because of Market Power

In new research, Sabien Dobbelaere, Grace McCormack, Daniel Prinz, and Sándor Sóvágó find that mergers negatively impact labor market outcomes. Mergers result in job losses, and the earnings of workers who lose their jobs don’t recover for several years on average. The authors find these negative consequences are more likely attributable to the restructuring of labor forces than subsequent firm market power.

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