Ong, Paul M.; Mar, Don
January 1992
Industrial & Labor Relations Review;Jan92, Vol. 45 Issue 2, p366
Academic Journal
This study uses administrative data from California's unemployment insurance program to analyze the post-layoff earnings of displaced and recalled workers in Silicon Valley's semiconductor industry between 1984 and 1987 The authors find losses from inter-sectoral displacement that are consistent with losses found in other studies of job dislocation The results show, however, that displaced workers who found work within the high-technology sector had earnings similar to those of recalled workers, a finding at odds with theories that emphasize either firm-specific human capital or internal labor markets. These results are instead consistent with the presence of both industry-specific human capital and efficiency wages in the high-technology sector


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