Displacement, Asymmetric Information, and Heterogeneous Human Capital
نویسندگان
چکیده
منابع مشابه
Displacement, Asymmetric Information, and Heterogeneous Human Capital
Abstract In a seminal paper, Gibbons and Katz (1991) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layoffs than for plant closings, which was borne out by data from the Displaced Workers Survey (DWS). In this paper, we take advantage of many more years of DWS data to examine how t...
متن کاملDisplacement , Asymmetric Information and Heterogeneous Human Capital 1
In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layo¤s than for plant closings, which was borne out by data from the Displaced Workers Survey (DWS). In this paper, we take advantage of many more years of DWS data to examine how the di¤e...
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ژورنال
عنوان ژورنال: Journal of Labor Economics
سال: 2011
ISSN: 0734-306X,1537-5307
DOI: 10.1086/656373