Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/145100 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
IWH Discussion Papers No. 27/2016
Verlag: 
Leibniz-Institut für Wirtschaftsforschung Halle (IWH), Halle (Saale)
Zusammenfassung: 
To assess to what extent collective job displacements can be regarded as unanticipated exogenous shocks for affected employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff. Utilizing administrative data covering all West German private sector plants, we find no systematic employment reductions prior to mass layoffs, a strong and long-lasting reduction prior to closures, and a much shorter shadow of death preceding bankruptcy. Our analysis of worker flows underlines that bankruptcies seem to struggle for survival while closures follow a shrinking strategy. We conclude that the scope of worker anticipation of upcoming job loss is smallest for mass layoffs and largest for closures without bankruptcy.
Schlagwörter: 
job displacement
shadow of death
plant closure
bankruptcy
mass layoff
JEL: 
D22
J65
L2
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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