Using an event study approach and a novel data set that links administrative information on German establishments with exact distance measures from geo-referenced address data, we analyze the net impact of mass layoffs on local employment. We find that local spillovers significantly attenuate the direct impact of mass layoffs on municipal-level employment. About a quarter of the 1-year direct employment loss due to a mass layoff event is absorbed within the same municipality. Local spillovers are especially pronounced very close to the mass layoff site; the majority of the absorption is concentrated within a 1000-m radius. There is little evidence of spillovers beyond the affected municipality.

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大规模裁员对当地就业的影响——来自地理参考数据的证据

我们使用事件研究方法和一个新的数据集，将德国机构的行政信息与地理参考地址数据的精确距离测量值联系起来，分析大规模裁员对当地就业的净影响。我们发现，地方溢出效应显着减弱了大规模裁员对市级就业的直接影响。由于大规模裁员事件造成的 1 年直接就业损失中，约有四分之一由同一个市政府吸收。局部溢出在非常靠近大规模裁员现场的地方尤为明显；大部分吸收集中在 1000 米半径内。几乎没有证据表明受影响的市政当局之外还有溢出效应。