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Using linked employer-employee data to investigate the speed of adjustments in downsizing firms

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Author Info
Kevin McKinney
Lars Vilhuber

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Abstract

When firms are faced with a demand shock, adjustment can take many forms. Firms can adjust physical capital, human capital, or both. The speed of adjustment may differ as well: costs of adjustment, the type of shock, the legal and economic enviroment all matter. In this paper, we focus on firms that downsized between 1992 and 1997, but ultimately survive, and investigate how the human capital distribution within a firm influences the speed of adjustment, ceteris paribus. In other words, when do firms use mass layoffs instead of attrition to adjust the level of employment. We combine worker-level wage records and measures of human capital with firm-level characteristics of the production function, and use levels and changes in these variables to characterize the choice of adjustment method and speed. Firms are described/compared up to 9 years prior to death. We also consider how workers fare after leaving downsizing firms, and analyze if observed differences in post-separation outcomes of workers provide clues to the choice of adjustment speed.

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File URL: http://lehd.did.census.gov/led/library/techpapers/tp-2006-03.pdf
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File Function: First version, 2006
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Publisher Info
Paper provided by Longitudinal Employer-Household Dynamics, Center for Economic Studies, U.S. Census Bureau in its series Technical Papers with number 2006-03.

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Length: 29 pages
Date of creation: May 2006
Date of revision:
Handle: RePEc:cen:tpaper:2006-03

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Web page: http://lehd.did.census.gov/led/library/techpapers.html

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. John M. Abowd & Robert H. Creecy & Francis Kramarz, 2002. "Computing Person and Firm Effects Using Linked Longitudinal Employer-Employee Data," Technical Papers 2002-06, Longitudinal Employer-Household Dynamics, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
  2. Burgess, Simon & Lane, Julia & Stevens, David, 2000. "Job Flows, Worker Flows, and Churning," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 473-502, July. [Downloadable!] (restricted)
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  3. Neal, Derek, 1995. "Industry-Specific Human Capital: Evidence from Displaced Workers," Journal of Labor Economics, University of Chicago Press, vol. 13(4), pages 653-77, October. [Downloadable!] (restricted)
  4. Paul A. Lengermann, 2002. "Is it Who You Are, Where You Work, or With Whom You Work? Reassessing the Relationship Between Skill Segregation and Wage Inequality," Technical Papers 2002-10, Longitudinal Employer-Household Dynamics, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
  5. Abowd, John M. & Vilhuber, Lars, 2005. "The Sensitivity of Economic Statistics to Coding Errors in Personal Identifiers," Journal of Business & Economic Statistics, American Statistical Association, vol. 23, pages 133-152, April. [Downloadable!] (restricted)
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  6. Parent, Daniel, 2000. "Industry-Specific Capital and the Wage Profile: Evidence from the National Longitudinal Survey of Youth and the Panel Study of Income Dynamics," Journal of Labor Economics, University of Chicago Press, vol. 18(2), pages 306-23, April. [Downloadable!] (restricted)
  7. Burgess, Simon & Lane, Julia & Stevens, David, 2000. " The Reallocation of Labour and the Lifecycle of Firms," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(0), pages 885-907, Special I. [Downloadable!] (restricted)
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  8. Andrew B. Bernard & J. Bradford Jensen, 2002. "The Deaths of Manufacturing Plants," NBER Working Papers 9026, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  9. Anabela Carneiro & Pedro Portugal, 2003. "Wages and the Risk of Displacement," CETE Discussion Papers 0308, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
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  10. Audra Bowlus & Lars Vilhuber, 2002. "Displaced workers, early leavers, and re-employment wages," Technical Papers 2002-18, Longitudinal Employer-Household Dynamics, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
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