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
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 15105
- Klassifikation
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Wirtschaft
Labor Turnover; Vacancies; Layoffs
Wage Level and Structure; Wage Differentials
- Thema
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displaced workers
wage
reallocation
productivity
labor share
- Ereignis
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Geistige Schöpfung
- (wer)
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Brandily, Paul
Hémet, Camille
Malgouyres, Clément
- Ereignis
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Veröffentlichung
- (wer)
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Institute of Labor Economics (IZA)
- (wo)
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Bonn
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
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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