Download or read book Mergers, Jobs and Wages in the US Telecommunications Industry written by Sumit K. Majumdar and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study evaluates the human capital consequences of the several mergers of the local exchange companies that took place between 1988 and 2001. Many firms in the sector underwent one merger event while several firms have undergone two events. The levels of jobs and average wages in the firms are assessed after the merger events and analysis reveals that while the first merger events experienced by firms led to growth in jobs and wages of just over 5 percent, the second merger events, which have included the several mega-mergers of the late 1990s and early 2000s, have led to stagnation and decline in employment levels and to significantly negative human capital outcomes with declines of up to 17 percent in wage levels.