TY  - RPRT
        AU  - Brandily, Paul
AU  - Hémet, Camille
AU  - Malgouyres, Clément
        TI  - Understanding the Reallocation of Displaced Workers to Firms
        PY  - 2022/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15105
        UR  - https://www.iza.org/publications/dp15105
        AB  - 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.
        KW  - displaced workers
KW  - wage
KW  - reallocation
KW  - productivity
KW  - labor share
        ER  -