000K utf8 1100 2021$c2021-07-05 1500 eng 2050 urn:nbn:de:hbz:464-20210705-140942-1 2051 10.17185/duepublico/74533 3000 Ahammer, Alexander 3010 Grübl, Dominik 3010 Winter-Ebmer, Rudolf 4000 The Health Externalities of Downsizing [Ahammer, Alexander] 4209 We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we study mass layoff (ML) survivors in Austria, using workers who survive a ML themselves, but a few years in the future, as a control group. Based on high‐quality administrative data, we find evidence that downsizing has persistent effects on mental and physical health, and that these effects can be explained by workers fearing for their own jobs. We also show that health externalities due to downsizing imply non‐negligible cost for firms, and that wage cuts may have similar effects. 4950 https://doi.org/10.17185/duepublico/74533$xR$3Volltext$534 4950 https://nbn-resolving.org/urn:nbn:de:hbz:464-20210705-140942-1$xR$3Volltext$534 4961 https://duepublico2.uni-due.de/receive/duepublico_mods_00074533 5051 330 5051 610 5550 Downsizing 5550 Health 5550 Job Insecurity 5550 Mass Layoffs 5550 Survivors