Labor Market Dynamics and Wage Losses of Displaced Workers in France and the United States
dc.contributor.author | Lefranc, Arnaud | en_US |
dc.date.accessioned | 2006-08-01T16:01:55Z | |
dc.date.available | 2006-08-01T16:01:55Z | |
dc.date.issued | 2003-09-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2003-614 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/40000 | en_US |
dc.description.abstract | The objective of this paper is to provide a comparative assessment of the consequences of worker displacement in France and the United States. I estimate wage losses of displaced workers in the two countries and examine the relative contribution of two important sources of post-displacement wage adjustments. The first one relates to the loss of seniority-accumulated firmspecific earnings potential. The second one arises from match heterogeneity. Identification of the relative contribution of these two sources can be achieved given separate estimates of returns to seniority. I show that, while the order of magnitude of total wage losses are comparable in the two economies (10 to 15%), the sources of wage adjustments di_er strongly: all of the wage decline in France seems to be due to the loss of accumulated firm-specific earnings potential, while in the US, more than half of measured wage losses arise from a downgrading of displaced workers into lower quality job matches. | en_US |
dc.format.extent | 80197 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 612905 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 614 | en_US |
dc.subject | Wage Losses; Unemployment; Displaced Workers; Returns to Seniority; Match Heterogeneity | en_US |
dc.subject.other | J310, J630, J640, J650 | en_US |
dc.title | Labor Market Dynamics and Wage Losses of Displaced Workers in France and the United States | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/40000/3/wp614.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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