@TechReport{iza:izadps:dp1297,
            	author={Orazem, Peter F. and Vodopivec, Milan and Wu, Ruth},
            	title={Worker Displacement during the Transition: Experience from Slovenia},
            	year={2004},
	month={Sep},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={1297},
            	url={https://www.iza.org/index.php/publications/dp1297},
	abstract={The transition to market in Slovenia created labor displacements that were on par or greater than that experienced in North America in the 1980s. A simple theoretical model suggests that factors which raise the probability of layoff should also increase the probability of a quit, predictions that are borne out in data. Probability of both layoffs and quits fell with worker tenure, firm profitability and expected severance costs. Individuals facing a higher probability of displacement accepted slower wage growth than otherwise comparable workers. The incentives to avoid displacement were strong – workers that actually were displaced faced a slow process of transiting out of unemployment with only one-third finding reemployment. Correcting for selection, real wage losses for displaced workers are comparable to those reported for displaced workers in North America.},
	keywords={displacement;subsidies;wages;reemployment;Slovenia;selection;specific human capital},
            }