Explaining Wage Losses After Job Displacement: Employer Size and Lost Firm Wage Premiums
利用德国行政数据，研究发现失业后工资损失很大程度上源于失去的企业工资溢价，且损失随原雇主规模增大而加剧，解释了以往研究关注大企业时发现的大幅持久工资损失。
Abstract This paper investigates whether wage losses after job displacement are driven by lost firm wage premiums or worker productivity depreciations. We estimate losses in wages and firm wage premiums, the latter being measured as firm effects from a two-way fixed-effects wage decomposition. Using new German administrative data on displacements from small and large employers, we find that wage losses are to a large extent explained by losses in firm wage premiums and that premium losses are largely permanent. We show that losses strongly increase with pre-displacement employer size. This provides an explanation for large and persistent wage losses reported in previous displacement studies typically focusing on large employers, only.