scholarly journals The Timing of Mass Layoff Episodes: Evidence from U.S. Microdata

2017 ◽  
Vol 2017 (088) ◽  
Author(s):  
Alison Weingarden ◽  
Keyword(s):  
Mass Layoff

scholarly journals MASS LAYOFF MANAGEMENT AT DOMESTIC ENTERPRISES

2018 ◽  
Vol 0 (2 (4)) ◽  
pp. 45-49
Author(s):  
Yulia Sotnikova ◽  
Eka Stepanova ◽  
Nikita Nazarov
Keyword(s):  
Mass Layoff

Spillover Effects of Mass Layoffs

2018 ◽  
Vol 18 (1) ◽  
pp. 427-468 ◽  
Author(s):  
Christina Gathmann ◽  
Ines Helm ◽  
Uta Schönberg
Keyword(s):  
Event Study ◽  
Administrative Data ◽  
Regional Economy ◽  
Spillover Effects ◽  
Geographic Mobility ◽  
Employment Opportunities ◽  
Employment Effects ◽  
Study Approach ◽  
Mass Layoffs ◽  
Mass Layoff

Abstract Using administrative data on firms and workers in Germany, we quantify the spillover effects of mass layoffs. Our empirical strategy combines matching with an event study approach to trace employment and wages in regions hit by a mass layoff relative to suitable control regions. We find sizable and persistent negative spillover effects on the regional economy: regions, and especially firms producing in the same broad industry as the layoff plant, lose many more jobs than in the initial layoff. In contrast, negative employment effects on workers employed in the region at the time of the mass layoff are considerably smaller. Strikingly, workers younger than 50 suffer no employment losses, as geographic mobility fully shields them from the decline in local employment opportunities.

scholarly journals Earnings Losses of Displaced Workers Revisited

2010 ◽  
Vol 100 (1) ◽  
pp. 572-589 ◽  
Author(s):  
Kenneth A Couch ◽  
Dana W Placzek
Keyword(s):  
Administrative Data ◽  
Unemployment Insurance ◽  
Fixed Effects ◽  
Panel Study ◽  
Displaced Workers ◽  
Income Dynamics ◽  
Matching Estimators ◽  
Earnings Losses ◽  
Random Growth ◽  
Mass Layoff

Earnings losses of Connecticut workers affected by mass layoff are calculated using administrative data. Estimated reductions are initially more than 30 percent and six years later, as much as 15 percent. The Connecticut estimates are smaller than comparable ones from Pennsylvania administrative data but similar to those from the Panel Study of Income Dynamics (PSID) and Department of Workforce Services (DWS). Earnings reductions in Connecticut and Pennsylvania are concentrated among Unemployment Insurance recipients. An unusually high proportion of Unemployment Insurance beneficiaries in Pennsylvania explains the larger estimated losses relative to other studies. Fixed-effects, random growth, and matching estimators produced similar earnings loss estimates suggesting each is relatively unbiased in this context.

Competitors' Stock Price Reaction to Mass Layoff Announcements

2016 ◽  
Author(s):  
Adam Bordeman ◽  
Roberto Pinheiro ◽  
Bharadwaj Kannan
Keyword(s):  
Stock Price ◽  
Price Reaction ◽  
Stock Price Reaction ◽  
Mass Layoff

scholarly journals Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective

2019 ◽  
Vol 11 (2) ◽  
pp. 193-227 ◽  
Author(s):  
Aaron Flaaen ◽  
Matthew D. Shapiro ◽  
Isaac Sorkin
Keyword(s):  
Survey Data ◽  
Administrative Data ◽  
Displaced Workers ◽  
Economic Distress ◽  
Earnings Dynamics ◽  
Mass Layoffs ◽  
Earnings Losses ◽  
Prior Literature ◽  
Survey Responses ◽  
Mass Layoff

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. (JEL E32, J31, J63, J64, J65)

scholarly journals Policy Watch: The Worker Adjustment and Retraining Notification Act

1994 ◽  
Vol 8 (1) ◽  
pp. 181-190 ◽  
Author(s):  
John T Addison ◽  
McKinley L Blackburn
Keyword(s):  
United States ◽  
The United States ◽  
Plant Closing ◽  
Industrialized Nations ◽  
Advance Notice ◽  
The Law ◽  
The Impact ◽  
Policy Watch ◽  
Mass Layoff

With the passage of the 1988 Worker Adjustment and Retraining Notification Act, the United States belatedly joined the large number of industrialized nations that require employers to provide affected workers with advance notice of a plant closing or mass layoff. The authors review the legislation, and consider the possible effects of the mandate on workers’ postdisplacement outcomes. Their examination of the impact of the law reveals that the quantity of notice has not increased since the act went into effect. The authors conclude by considering possible reasons why the law has been ineffective.

State plant closing and mass layoff laws can pose pitfalls to unwary employers

2009 ◽  
Vol 36 (3) ◽  
pp. 81-101
Author(s):  
Diane L. Prucino ◽  
Sonny Poloche
Keyword(s):  
Plant Closing ◽  
Mass Layoff
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