Workforce reductions at women-owned businesses in the United States

David A. Matsa, Amalia R. Miller

Research output: Contribution to journalReview articlepeer-review

20 Scopus citations


The authors find that privately held firms owned by women were less likely than those owned by men to downsize their workforces during the Great Recession. Year-to-year employment reductions were as much as 29% smaller at women-owned firms, even after controlling for industry, size, and profitability. Using data that allow the authors to control for additional detailed firm and owner characteristics, they also find that womenowned firms operated with greater labor intensity after the previous recession and were less likely to hire temporary or leased workers. These patterns extend previous findings associating female business leadership with increased labor hoarding.

Original languageEnglish (US)
Pages (from-to)422-452
Number of pages31
JournalILR Review
Issue number2
StatePublished - 2014


  • Business values
  • Female business leaders
  • Gender
  • Labor hoarding
  • Workforce reductions

ASJC Scopus subject areas

  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Management of Technology and Innovation


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