Administrative data from INPS (Italian Institute for Social Security) on Italian high tenure workers job-histories (15 years, from 1985 to 1999) is used to quantify the temporal pattern of the effect of displacement on workers’ earnings, employment and wages. Moreover, I distinguish different groups of displaced workers (with respect the timing of displacement and its cause) and I also propose a picture of the consequences of displacement with respect to workers’ personal and firmrelated characteristics. I take into account unobserved heterogeneity by using an unobserved effects linear panel data model. _x000d_ _x000d_ JEL: J65._x000d_ Keywords: Displacements, mass-layoffs, earnings, employment, wages.
