Fig. 5
From: Industry shutdown rates and permanent layoffs: evidence from firm-worker matched data
Conditional probability distribution of Δ logw ikjt . Note: This graph illustrates the conditional growth rate of wages (Δ logw ikjt ) for male (top graph) and female (bottom graph) workers who experienced a permanent layoff and found a new job. The following three lines are for groups of workers: (1) transition to a smaller size firm (switch down), (2) transition to a larger size firm (switch up), and (3) transition to a same size firm. The residual wage growth is generated by the Heckman selection model (6) and results in Table 11