000 02611cam a22003497 4500
001 w21262
003 NBER
005 20211020105605.0
006 m o d
007 cr cnu||||||||
008 210910s2015 mau fo 000 0 eng d
100 1 _aHellerstein, Judith K.
_912611
245 1 0 _aLabor Market Networks and Recovery from Mass Layoffs:
_bEvidence from the Great Recession Period /
_cJudith K. Hellerstein, Mark J. Kutzbach, David Neumark.
260 _aCambridge, Mass.
_bNational Bureau of Economic Research
_c2015.
300 _a1 online resource:
_billustrations (black and white);
490 1 _aNBER working paper series
_vno. w21262
500 _aJune 2015.
520 3 _aWe measure the changing efficacy of neighborhood-based labor market networks, across the business cycle, in helping displaced workers become re-employed, focusing on the periods before, during, and just after the Great Recession. Networks can only be effective when hiring is occurring, and hiring varied greatly between 2005 and 2012, the period we study. We therefore focus on a measure of the strength of the labor market networks that includes not only the number of employed neighbors of a laid off worker, but also the gross hiring rate at that person's neighbors' workplaces. Our evidence indicates that local labor market networks increase re-employment following mass layoffs, and in particular, that networks serve to markedly increase the probability of re-employment specifically at neighbors' employers. This is especially true for low-earnings workers. Moreover, although hiring and employment rates decreased during the Great Recession period, the productivity of labor market networks in helping to secure re-employment for laid off workers was remarkably stable during our sample period.
530 _aHardcopy version available to institutional subscribers
538 _aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538 _aMode of access: World Wide Web.
588 0 _aPrint version record
690 7 _aJ01 - Labor Economics: General
_2Journal of Economic Literature class.
690 7 _aR12 - Size and Spatial Distributions of Regional Economic Activity
_2Journal of Economic Literature class.
700 1 _aKutzbach, Mark J.
700 1 _aNeumark, David.
710 2 _aNational Bureau of Economic Research.
830 0 _aWorking Paper Series (National Bureau of Economic Research)
_vno. w21262.
856 4 0 _uhttps://www.nber.org/papers/w21262
856 _yAcceso en lĂ­nea al DOI
_uhttp://dx.doi.org/10.3386/w21262
942 _2ddc
_cW-PAPER
999 _c326860
_d285422