Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response

Andrew Foote, Michel Grosz and Ann Stevens

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: Large shocks to local labor markets cause lasting changes to communities and their residents. We examine four main channels through which the local labor force adjusts following mass layoffs: in- and out-migration, retirement, and disability insurance enrollment. We show that these channels account for over half of the labor force reductions following a mass layoff event. By measuring the residual difference between these channels and labor force change, we also show that labor force non-participation grew in the period during and after the Great Recession. This result highlights the growing importance of non-participation as a response to labor demand shocks.

Pages: 49 pages
Date: 2015-09
New Economics Papers: this item is included in nep-lma and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www2.census.gov/ces/wp/2015/CES-WP-15-25.pdf First version, 2015 (application/pdf)

Related works:
Journal Article: Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response (2019)
Working Paper: Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:15-25

Access Statistics for this paper

More papers in Working Papers from U.S. Census Bureau, Center for Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Dawn Anderson ().