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The Economic Performance of Survivors after Layoffs: A Plant-Level Study

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  • Casey Ichniowski

Abstract

This study tests for the empirical relationship between layoffs and the economic performance of workers who remain after the layoffs. Previous studies performed in laboratory settings have often found increases in the efficiency of workers after layoffs. This analysis is the first to test for this relationship using operating data from a set of similar establishments. Within the framework of a modified Cobb-Douglas production function, layoffs do not influence subsequent productivity in the establishments in this study's sample. It is also suggested that the seniority systems governing layoffs and the highlevels of capital intensity in these establishments may help explain the difference between the findings in the laboratory studies and those obtained in this analysis.

Suggested Citation

  • Casey Ichniowski, 1986. "The Economic Performance of Survivors after Layoffs: A Plant-Level Study," NBER Working Papers 1807, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:1807 Note: LS
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    1. V. Vance Roley & Carl E. Walsh, 1985. "Monetary Policy Regimes, Expected Inflation, and the Response of Interest Rates to Money Announcements," The Quarterly Journal of Economics, Oxford University Press, vol. 100(Supplemen), pages 1011-1039.
    2. Robert J. Shiller & John Y. Campbell & Kermit L. Schoenholtz, 1983. "Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 14(1), pages 173-224.
    3. Cornell, Bradford, 1983. "Monetary policy and the daily behavior of interest rates," Journal of Economics and Business, Elsevier, vol. 35(2), pages 189-203, June.
    4. MacKinnon, James G. & White, Halbert, 1985. "Some heteroskedasticity-consistent covariance matrix estimators with improved finite sample properties," Journal of Econometrics, Elsevier, vol. 29(3), pages 305-325, September.
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