Plant-level employment development before collective displacements : comparing mass layoffs, plant closures, and bankruptcies / Daniel Fackler, Steffen Müller, Jens Stegmaier
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Discovery
866108327
URN
urn:nbn:de:gbv:3:2-61810
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH), August 2016
Umfang
1 Online-Ressource (III, 38 Seiten, 0,89 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
To assess to what extent collective job displacements can be regarded as unanticipated exogenous shocks for affected employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff. Utilizing administrative data covering all West German private sector plants, we find no systematic employment reductions prior to mass layoffs, a strong and long-lasting reduction prior to closures, and a much shorter shadow of death preceding bankruptcy. Our analysis of worker flows underlines that bankruptcies seem to struggle for survival while closures follow a shrinking strategy. We conclude that the scope of worker anticipation of upcoming job loss is smallest for mass layoffs and largest for closures without bankruptcy.
Schriftenreihe
IWH-Diskussionspapiere ; no. 27/2016 ppn:837399270