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Title: Long-Term Costs of Job Displacement Among Young Workers
Resulting in 1 citation.
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Kletzer, Lori G. Fairlie, Robert W. |
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Long-Term Costs of Job Displacement Among Young Workers Working Paper, Department of Economics, University of California - Santa Cruz, July 1997 Cohort(s): NLSY79 Publisher: Department of Economics, University of California, Santa Cruz Keyword(s): Earnings; Educational Attainment; Human Capital; Job Turnover; Unions Permission to reprint the abstract has not been received from the publisher. The earnings costs of job displacement are sizeable and persistent. Recent additions to the literature show that five or more years after displacement, earnings remain from 10 percent to 18 percent below expected levels (see Topel 1990, Ruhm 1991, Jacobson, LaLonde, and Sullivan 1993a,b, Schoeni and Dardia 1996, and Stevens 1997). Evidence of the persistence of earnings losses after job loss has implications for the design of assistance policies, as it raises concerns about the long-term earnings prospects of displaced workers. One limitation of this recent research is its focus on individuals with established work histories. Job loss among young workers has been overlooked in the literature on job displacement. The lack of interest may stem from the presumption that young workers have less to lose from job displacement given their relatively short time to invest in firm-specific human capital. Young workers may also be less likely than older workers to experience losses of industry or union rents following job loss. |
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Bibliography Citation
Kletzer, Lori G. and Robert W. Fairlie. "Long-Term Costs of Job Displacement Among Young Workers." Working Paper, Department of Economics, University of California - Santa Cruz, July 1997. |