Essays in Empirical Labor Economics

148 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2000.The third essay (coauthored by Kevin F. Hallock) investigates the relationship between job loss announcements and top-management changes in U.S. firms using detailed data on each published job loss announcement in a broad set of large firms from 1970 to 1995. We begin by confirming the results of previous authors concerning the relationship between relative firm performance and management turnover. Next we consider the effect of job loss announcements on CEO turnover and find a surprising yet robust result; job loss announcements two years in the past are strongly related to top-management changes. We go on to investigate whether this relationship has changed over time, as well as several possible explanations for this finding, including a change in the mix of reasons for job loss announcements and changes in management entrenchment.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD