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The health externalities of downsizing
[working paper]
Corporate Editor
Institut für Höhere Studien (IHS), Wien
Abstract We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on highquality administrative data, ... view more
We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on highquality administrative data, we find evidence that downsizing has persistent effects on mental and physical health, and that these effects can be explained by workers fearing for their own jobs. We also show that health externalities due to downsizing imply non-negligible cost for firms, and that wage cuts may have similar effects.... view less
Keywords
health; job loss; dismissal; layoffs; health consequences
Classification
Labor Market Research
Working Conditions
Free Keywords
downsizing; mass layoffs; job insecurity
Document language
English
Publication Year
2020
City
Wien
Page/Pages
48 p.
Series
IHS Working Paper, 26
Status
Published Version; reviewed