@TechReport{iza:izadps:dp15105,
            	author={Brandily, Paul and Hémet, Camille and Malgouyres, Clément},
            	title={Understanding the Reallocation of Displaced Workers to Firms},
            	year={2022},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={15105},
            	url={https://www.iza.org/index.php/publications/dp15105},
	abstract={We study job displacement in France. In the medium run, losses in firm-specific wage premium account for a substantial share of the overall cost of displacement. However, and despite the positive correlation between premium and productivity in the cross-section of firms, we find that workers are reemployed by high productivity, low labor share firms. The observed reallocation is therefore productivity-enhancing, yet costly for workers. We show that destination firms are less likely to conclude collective wage agreements and have lower participation rates at professional elections. Overall, our results point to a loss in bargaining power.},
	keywords={displaced workers;wage;reallocation;productivity;labor share},
            }