Understanding the Reallocation of Displaced Workers to Firms

Brandily Paul, Hémet, Camille and Clément Malgouyres
Authors registered in the RePEc Author Service: Camille HEMET

No 17071, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We study job displacement in France. In the medium run, losses in firmspecific wage premium account for a substantial share of the overall cost of displacement. However, and despite the positive correlation between premium and productivity in the cross-section of firms, we find that workers are reemployed by high productivity, low labor share firms. The observed reallocation is therefore productivity-enhancing, yet costly for workers. We show that destination firms are less likely to conclude collective wage agreements and have lower participation rates at professional elections. Overall, our results point to a loss in bargaining power.

Keywords: Displaced workers; Wage; Reallocation; Productivity; Labor share (search for similar items in EconPapers)
JEL-codes: J31 J63 (search for similar items in EconPapers)
Date: 2022-02
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Related works:
Working Paper: Understanding the Reallocation of Displaced Workers to Firms (2022)
Working Paper: Understanding the Reallocation of Displaced Workers to Firms (2022)
Working Paper: Understanding the Reallocation of Displaced Workers to Firms (2022)
Working Paper: Understanding the Reallocation of Displaced Workers to Firms (2022)
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