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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...
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We estimate the causal effect of parents' unemployment on unemployment among their children in their own adulthood. We …) identifcation strategy using parents' job loss during a mass layoff as the instrument. We find evidence of unemployment inheritance … in the next generation. An additional day of unemployment during childhood causally raises the average unemployment days …
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