%0 Report
        %A Brandily, Paul
%A Hémet, Camille
%A Malgouyres, Clément
        %T Understanding the Reallocation of Displaced Workers to Firms
        %D 2022
        %8 2022 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 15105
        %U https://www.iza.org/publications/dp15105
        %X 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.
        %K displaced workers
%K wage
%K reallocation
%K productivity
%K labor share