@techreport{Orazem2004Worker,
abstract = {The transition to market in Slovenia created labor displacements that were on par or greater
than that experienced in North America in the 1980s. A simple theoretical model suggests
that factors which raise the probability of layoff should also increase the probability of a quit,
predictions that are borne out in data. Probability of both layoffs and quits fell with worker
tenure, firm profitability and expected severance costs. Individuals facing a higher probability
of displacement accepted slower wage growth than otherwise comparable workers. The
incentives to avoid displacement were strong \textendash{} workers that actually were displaced faced a
slow process of transiting out of unemployment with only one-third finding reemployment.
Correcting for selection, real wage losses for displaced workers are comparable to those
reported for displaced workers in North America.},
author = {Peter F. Orazem and Milan Vodopivec and Ruth Wu},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {P2; J63; 330; displacement; subsidies; wages; reemployment; Slovenia; selection; specific human capital; K\"{u}ndigung; \"{U}bergangswirtschaft; Slowenien; Arbeitslosigkeit; Arbeitsmobilit\"{a}t},
language = {eng},
number = {1297},
title = {Worker Displacement During the Transition : Experience from Slovenia},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20563},
year = {2004}
}
