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Signaling in the Labor Market: New Evidence on Layoffs and Plant Closings

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dc.creator Rodríguez-Planas, Núria
dc.date 2004
dc.date.accessioned 2013-10-16T07:09:28Z
dc.date.available 2013-10-16T07:09:28Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20244
dc.identifier ppn:37876439X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20244
dc.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.
dc.language eng
dc.relation IZA Discussion paper series 1009
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J30
dc.subject J60
dc.subject ddc:330
dc.subject laid-off workers
dc.subject signaling
dc.subject unemployment
dc.subject wages
dc.subject Arbeitslosigkeit
dc.subject Dauer
dc.subject Arbeitsproduktivität
dc.subject Kündigung
dc.subject Signalling
dc.subject Asymmetrische Information
dc.subject Schätzung
dc.subject Vereinigte Staaten
dc.title Signaling in the Labor Market: New Evidence on Layoffs and Plant Closings
dc.type doc-type:workingPaper

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