Plant-level employment development before collective displacements : comparing mass layoffs, plant closures, and bankruptcies / Daniel Fackler, Steffen Müller, Jens Stegmaier
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Plant-level employment development before collective displacements
Discovery
866108327
URN
urn:nbn:de:gbv:3:2-61810
DOI
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH), August 2016
Content
1 Online-Ressource (III, 38 Seiten, 0,89 MB) : Diagramme
Edition
Language
eng
Comment
Abstract
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.
Series
IWH-Diskussionspapiere ; no. 27/2016 ppn:837399270