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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20244| Title: | Signaling in the Labor Market: New Evidence on Layoffs and Plant Closings |
| Keywords: | J30 J60 ddc:330 laid-off workers signaling unemployment wages Arbeitslosigkeit Dauer Arbeitsproduktivität Kündigung Signalling Asymmetrische Information Schätzung Vereinigte Staaten |
| Issue Date: | 16-Oct-2013 |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20244 |
| Other Identifiers: | http://hdl.handle.net/10419/20244 ppn:37876439X |
| Appears in Collections: | EconStor |
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