Eileen Appelbaum
Senior Economist and Co-Director, Center for Economic and Policy Research
Senior Economist and Co-Director, Center for Economic and Policy Research
Eileen is a Senior Economist and Co-Director of CEPR and fellow at Rutgers University Center for Women and Work. She has held visiting positions at the Wissenschaftszentrum (Berlin), University of Manchester and Leicester University (UK), University of South Australia, and University of Auckland (New Zealand). Prior to joining CEPR, she held positions as distinguished professor and director of the Center for Women and Work at Rutgers University and as professor of economics at Temple University. She holds a PhD in economics from the University of Pennsylvania.
Since 2010, Eileen’s research has focused on financialization of the economy and the role of private equity in financial engineering and restructuring of companies for financial gain. Her recent work has examined the financialization of health care. She has published more than 50 peer-reviewed articles, chapters in books, working papers, and pieces in an array of outlets, including The Hill and The American Prospect.
Her book, Private Equity at Work: When Wall Street Manages Main Street, coauthored with Rosemary Batt, was selected by the Academy of Management as one of the four best books of 2014 and 2015 and was a finalist for the 2016 George R. Terry award. This book was the first to provide a balanced examination of private equity’s effects on the companies they acquire and the workers in those companies. It has had an important and widely acknowledged impact on research and policy on private equity.
Prior to 2010, Eileen’s research focused on organizational restructuring and outcomes for firms and workers regarding low-wage jobs, new technology and work organization, and work-family policy. She has published peer-reviewed articles in a range of journals, including Review of Radical Political Economics, British Journal of Industrial Relations, JAMA Health Forum, and Advances in Health Care Management. Her book, Unfinished Business: Paid Family Leave in California and the Future of U.S. Work-Family Policy, coauthored with Ruth Milkman, examines the effects of paid family leave in California on employers and employees. It has been widely cited in discussions of national paid family and medical leave policy.
Several of her earlier books — The New American Workplace: Transforming Work Systems in the United States with Rosemary Batt, Low Wage America: How Employers Are Reshaping Opportunity in the Workplace with Annette Bernhardt and Richard Murnane, and Manufacturing Advantage: Why High Performance Work Systems Pay Off with Peter Berg, Thomas Bailey and Arne Kalleberg — were selected by Princeton University for its distinguished list of Noteworthy Books in Industrial Relations and Labor Economics.
January 28, 2020, Eileen Appelbaum
November 19, 2019, Eileen Appelbaum
Let’s unpack the E&Y study. Employment E&Y touts that the private equity industry supports 8.8 million jobs. You could mistakenly think this means that PE created 8.8 million jobs or that PE increased employment at the companies it took over. That may be
Medical debt is a leading cause of bankruptcy for families, and surprise medical bills are a major contributor to rising levels of medical debt.
The research team that brought you a study that compared employment dynamics in companies taken over by private equity with similar companies not acquired by PE (“Private Equity, Jobs, and Productivity,” American Economic Review 2004) is out with a new p
The Hahnemann tragedy represents a new wrinkle in the concentration of the hospital industry: the emergence of private equity as a driving force.
September 2019, Eileen Appelbaum and Rosemary Batt
Eileen Appelbaum and Rosemary BattThe American Prospect, September 9, 2016
July 18, 2019, Eileen Appelbaum
June 17, 2019, Eileen Appelbaum