文章基本信息

标题：Signaling Effects of Layoffs in South Korea
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作者：Kim, Taehoon
期刊名称：Hitotsubashi Journal of Economics
印刷版ISSN：0018-280X
出版年度：2019
卷号：60
期号：2
页码：163-188
DOI：10.15057/30889
出版社：Maruzen Company Ltd
摘要：I examine an asymmetric-information model of layoffs (Gibbons andKatz, 1991) by comparing changes in earnings of laid-off workers anddisplacedworkers by plant closings using Korean data. The estimation result shows that laid-off male workers experience 11.5% greater earnings losses than those displaced by plant closings. Laid-off workers also have longer unemployment spells. Contrary to previous studies, the signaling effect of layoffs is observednot only in white-collar but also blue-collar occupations in South Korea. The seniority-basedwage payment system andlow unionization rate in South Korea are suggested as possible reasons for this unique finding.
关键词：layoff; plant closing; signaling; union; seniority