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Labor Market Networks and Recovery from Mass Layoffs Before, During, and After the Great Recession

Judith K. HellersteinDavid NeumarkMark J. Kutzbach

出版	National Bureau of Economic Research, 2015
URL	http://books.google.com.hk/books?id=D6UiswEACAAJ&hl=&source=gbs_api

註釋We test the effects of labor market networks defined by residential neighborhoods on re-employment following mass layoffs. We develop and use two measures of labor market network strength that correspond to the leading theoretical models. One measure captures the flows of information to job seekers about the availability of job vacancies at employers of workers in the network. The second is intended to capture referrals provided to employers by others in the network. These measures of network strength -- especially the first -- are linked to more rapid re-employment following mass layoffs, and both are linked to re-employment at neighbors' employers. These effects are substantially stronger for low-earners than for high earners. We also estimate differences in the effects of network strength on displaced workers in the period prior to, during, and just after the labor market disruptions of the Great Recession. Not surprisingly, we find slower re-employment rates (and hence larger earnings losses) for those displaced during the Great Recession. We also find clear evidence that network connections -- especially those that provide information about vacancies to job searchers -- became less useful in the recovery of employment during the Great Recession.