@techreport{Rodriguez-Planas2004Signaling,
abstract = {In my asymmetric-information model of layoffs, high-productivity workers are more likely to be
recalled to their former employer and may choose to remain unemployed rather than to
accept a low-wage job. In this case, unemployment can serve as a signal of productivity, and
duration of unemployment may be positively related to post-laid-off wages even among
workers who are not recalled. In contrast, because workers whose plant closed cannot be
recalled, longer unemployment for them should not have a positive signaling benefit. Analysis
of the data from the January 1988-2000 Displaced Workers Supplements to the Current
Population Survey reveals that the wage/unemployment duration relation differs between
laid-off workers and workers displaced through plant closings in the predicted way, and finds
evidence consistent with asymmetric information in the U.S. labor market.},
author = {N\'{u}ria Rodr\'{\i}guez-Planas},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {J30; J60; 330; laid-off workers; signaling; unemployment; wages; Arbeitslosigkeit; Dauer; Arbeitsproduktivit\"{a}t; K\"{u}ndigung; Signalling; Asymmetrische Information; Sch\"{a}tzung; Vereinigte Staaten},
language = {eng},
number = {1009},
title = {Signaling in the Labor Market: New Evidence on Layoffs and Plant Closings},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20244},
year = {2004}
}
