The Local Labor-Market Response to a Plant Shutdown
研究了大型制造工厂关闭对当地经济的严重且持久影响，以及劳动力市场如何通过直接和间接效应部分调整以弥补就业损失。
Although the shutdown of a major manufacturing plant can have a severe and lasting impact on a local economy, labor markets adjust, at least partially, to compensate for the loss of jobs. At the national level a plant shutdown may represent a reallocation of resources that eventually benefits the whole economy. However, the area that has lost the plant is confronted with the need to make often painful adjustments. A plant shutdown immediately reduces the size of the local labor market. While the laid-off workers' adjustments are a reflection of the direct effects of a shutdown, the loss is shared by others, both in the local and the adjacent areas, through a wide-ranging set of indirect effects.