Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective

• 成果类型: Article
• 署名作者: Flaaen, Aaron; Shapiro, Matthew D.; Sorkin, Isaac
• 署名单位: Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Michigan System; University of Michigan; National Bureau of Economic Research; Stanford University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.20170162
• 发表日期: 2019
• 页码: 193-227
• 关键词: job displacement; unemployment; layoffs; EMPLOYMENT; returns; losses

摘要

Prior literature has established that displaced workers suffer persistent earnings losses by following workers in administrative data after mass layoffs. This literature assumes that these are involuntary separations owing to economic distress. This paper examines this assumption by matching survey data on worker-supplied reasons for separations with administrative data. Workers exhibit substantially different earnings dynamics in mass layoffs depending on the reason for separation. Using a new methodology to account for the increased separation rates across all survey responses during a mass layoff, the paper finds earnings loss estimates that are surprisingly close to those using only administrative data.