Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response
Andrew Foote,
Michel Grosz and
Ann Stevens
ILR Review, 2019, vol. 72, issue 1, 101-126
Abstract:
Large shocks to local labor markets can cause long-lasting changes to employment, unemployment, and the local labor force. This study examines the relationship between mass layoffs and the long-run size of the local labor force. The authors consider four main channels through which the local labor force may adjust: in-migration, out-migration, retirement, and disability insurance enrollment. These channels, primarily out-migration, account for more than half of the labor force reduction over the past two decades. Findings show, however, that during and after the Great Recession, instead of out-migration, non-participation in the labor force grew to account for most of the local labor force exits following a mass layoff.
Keywords: displaced workers; labor force participation; migration; retirement; disability insurance; Great Recession (search for similar items in EconPapers)
Date: 2019
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Working Paper: Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response (2015) ![Downloads](/downloads_econpapers.gif)
Working Paper: Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response (2015) ![Downloads](/downloads_econpapers.gif)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ilrrev:v:72:y:2019:i:1:p:101-126
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