Arbeitspapier

Understanding the Reallocation of Displaced Workers to Firms

We study job displacement in France. In the medium run, losses in firm-specific wage premium account for a substantial share of the overall cost of displacement. However, and despite the positive correlation between premium and productivity in the cross-section of firms, we find that workers are reemployed by high productivity, low labor share firms. The observed reallocation is therefore productivity-enhancing, yet costly for workers. We show that destination firms are less likely to conclude collective wage agreements and have lower participation rates at professional elections. Overall, our results point to a loss in bargaining power.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 15105

Klassifikation
Wirtschaft
Labor Turnover; Vacancies; Layoffs
Wage Level and Structure; Wage Differentials
Thema
displaced workers
wage
reallocation
productivity
labor share

Ereignis
Geistige Schöpfung
(wer)
Brandily, Paul
Hémet, Camille
Malgouyres, Clément
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2022

Handle
Letzte Aktualisierung
20.09.2024, 08:23 MESZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Brandily, Paul
  • Hémet, Camille
  • Malgouyres, Clément
  • Institute of Labor Economics (IZA)

Entstanden

  • 2022

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