Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184751 
Year of Publication: 
2018
Citation: 
[Journal:] Applied Economics [ISSN:] 0003-6846 [Volume:] 50 [Issue:] 50 [Publisher:] Taylor & Francis [Place:] London [Year:] 2018 [Pages:] 5416-5435
Publisher: 
Taylor & Francis, London
Abstract: 
This article analyzes the development of employment levels and worker flows before bankruptcies, plant closure without bankruptcies and mass layoffs. Utilizing administrative plant-level data for Germany, 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 bankruptcies. Employment reductions in closing plants, in contrast to bankruptcies and mass layoffs, do not come along with increased worker flows. These patterns point to an intended and controlled shrinking strategy for closures without bankruptcy and to an unintended collapse for bankruptcies and mass layoffs.
Subjects: 
Job displacement
shadow of death
plant disclosure
bankruptcy
mass layoff
JEL: 
L2
D22
J65
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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