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The CEPII Newsletter       
February 2024        

The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources

Are Mass Layoffs Individually Costly But Socially Beneficial?

Using rich administrative data, this Working paper analyses the effects of mass layoffs in the French manufacturing sector on workers, firms and local economies. While mass layoffs entail costs for displaced workers, there is a possible social benefit if they result in productive reallocation of workers to the most innovative companies and in the creation of new firms. However, that is not what they find: the businesses that hire displaced workers exhibit lower investment rates, decreased value added and a reduced workforce, with a higher proportion of employees on fixed-term contracts. Local economies experience lower firm creation and higher unemployment: six years after the mass layoff event, the local unemployment rate remains 12% higher in comparison to unaffected regions.  Axelle Arquié and Thomas Grjebine

Media Coverage of Immigration and the Polarization of Attitudes

This Working Paper combines data on immigration coverage on French television with individual panel data from 2013 to 2017 that records respondents’ preferred TV channel and attitudes toward immigration. The analysis focuses on within-individual variations over time, addressing ideological self-selection into channels. Increased coverage of immigration polarizes attitudes, with initially moderate individuals becoming more likely to report extremely positive and negative attitudes. This polarization is mainly driven by an increase in the salience of immigration, which reactivates preexisting prejudices, rather than persuasion effects from biased news consumption.  Sarah Schneider-Strawczynski and Jérôme Valette

  Call for papers
1st European Workshop on the Macroeconomic Implications of Migration

The first edition will take place at PSE and CEPII in Paris on June 13-14, 2024. The goal of the workshop is to promote discussion and dissemination of innovative theoretical and empirical research on the macroeconomic implications of migration. Please submit your papers before 1 March 2024.


ISSN: 1255-7072
Editorial Director : Antoine Bouët
Managing Editor : Evgenia Korotkova