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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
References: Add references at CitEc
Citations: View citations in EconPapers (24)

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Related works:
Working Paper: Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response (2015) Downloads
Working Paper: Locate Your Nearest Exit: Mass Layoffs and Local Labor Market Response (2015) Downloads
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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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