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http://hdl.handle.net/10419/20563
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| Title: | | Worker Displacement During the Transition : Experience from Slovenia  |
| Authors: | | Orazem, Peter F. Vodopivec, Milan Wu, Ruth |
| Issue Date: | | 2004 |
| Series/Report no.: | | IZA Discussion paper series 1297 |
| 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 – 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. |
| Subjects: | | displacement subsidies wages reemployment Slovenia selection specific human capital |
| JEL: | | P2 J63 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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