Sándor Sóvágó

Sándor Sóvágó is a senior data scientist at the AI Team of Emarsys. Before getting into data science, he earned a PhD in Economics and did research as an assistant professor at the University of Groningen. He received his PhD from Vrije Universiteit Amsterdam.

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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