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Understanding The Sources Of Earnings Losses After Job Displacement
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Book Synopsis Understanding the Sources of Earnings Losses After Job Displacement by : Andreas Gulyas
Download or read book Understanding the Sources of Earnings Losses After Job Displacement written by Andreas Gulyas and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We implement a generalized random forest (Athey et al., 2019) to a differencein-difference setting to identify substantial heterogeneity in earnings losses across displaced workers. Using administrative data from Austria over three decades we document that a quarter of workers face cumulative 11-year losses higher than 2 times their pre-displacement annual income, while almost 10% of individuals experience gains. Our methodology allows us to consider many competing theories of earnings losses. We find that the displacement firm's wage premia and the availability of well paying jobs in the local labor market are the two most important factors. This implies that earnings losses can be understood by mean reversion in firm wage premia and losses in match quality, rather than by a destruction of firm-specific human capital. We further show that 94% of the cyclicality of earnings losses is explained by compositional changes of displaced workers over the business cycle.
Book Synopsis Sources of Displaced Workers' Long-Term Earnings Losses by : Marta Lachowska
Download or read book Sources of Displaced Workers' Long-Term Earnings Losses written by Marta Lachowska and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the earnings losses of a cohort of workers displaced during the Great Recession and decompose those long-term losses into components attributable to fewer work hours and to reduced hourly wage rates. We also examine the extent to which the reduced earnings, work hours, and wages of these displaced workers can be attributed to factors specific to pre- and post-displacement employers; that is, to employer-specific fixed effects. The analysis is based on employer-employee linked panel data from Washington State assembled from 2002-2014 administrative wage and unemployment insurance (UI) records.
Book Synopsis Who Buffers Income Losses After Job Displacement? The Role of Alternative Income Sources, the Family, and the State by : Daniel Fackler
Download or read book Who Buffers Income Losses After Job Displacement? The Role of Alternative Income Sources, the Family, and the State written by Daniel Fackler and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Costs of Job Displacement Over the Business Cycle and Its Sources by : Johannes F. Schmieder
Download or read book The Costs of Job Displacement Over the Business Cycle and Its Sources written by Johannes F. Schmieder and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses and their cyclicality is driven by declines in wages. Key to these long-lasting wage declines and their cyclicality are changes in employer characteristics, as displaced workers switch to lower-paying firms. Changes in characteristics of workers or displacing firms explain little of the cyclicality, though non-employment durations correlated with losses in employer effects play a role.
Book Synopsis Back to Work: United States Improving the Re-employment Prospects of Displaced Workers by : OECD
Download or read book Back to Work: United States Improving the Re-employment Prospects of Displaced Workers written by OECD and published by OECD Publishing. This book was released on 2016-12-06 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Job displacement (involuntary job loss due to firm closure or downsizing) affects many workers over their lifetime. This report looks at how this challenge is being tackled in the United States.
Book Synopsis The Gender Gap in Earnings Losses After Job Displacement by : Hannah Illing
Download or read book The Gender Gap in Earnings Losses After Job Displacement written by Hannah Illing and published by . This book was released on 2021 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing research has shown that job displacement leads to large and persistent earnings losses for men, but evidence for women is scarce. Using administrative data from Germany, we apply an event study design in combination with propensity score matching and a reweighting technique to directly compare men and women who are displaced from similar jobs and firms. Our results show that after a mass layoff, women’s earnings losses are about 35% higher than men’s, with the gap persisting five years after job displacement. This is partly explained by a higher propensity of women to take up part-time or marginal employment following job loss, but even full-time wage losses are almost 50% (or 5 percentage points) higher for women than for men. We then show that on the household level there is no evidence of an added worker effect, independent of the gender of the job loser. Finally, we document that parenthood magnifies the gender gap sharply: while fathers of young children have smaller earnings losses than men in general, mothers of young children have much larger earnings losses than other women.
Book Synopsis Losing Work, Moving on by : Peter Joseph Kuhn
Download or read book Losing Work, Moving on written by Peter Joseph Kuhn and published by W.E. Upjohn Institute. This book was released on 2002 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: And synthesis / Peter J. Kuhn -- Displaced workers in the United States and the Netherlands / Joap H. Abbring ... [et al.] -- Worker displacement in Japan and Canada / Masahiro Abe ... [et al.] -- They get knocked down. do they get up again? / Jeff Borland ... [et al.] -- Worker displacement in France and Germany / Stefan Bender ... [et al.] -- Employment protection and the consequences for displaced workers / Karsten Albk, Marc Van Audenrode, and Martin Browning.
Author :John M. Abowd Publisher :Université de Montréal, Centre de recherche et développement en économique ISBN 13 : Total Pages :94 pages Book Rating :4.:/5 (318 download)
Book Synopsis High Wage Workers and High Wage Firms by : John M. Abowd
Download or read book High Wage Workers and High Wage Firms written by John M. Abowd and published by Université de Montréal, Centre de recherche et développement en économique. This book was released on 1994 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.
Book Synopsis The Impact of Losing Your Job by : Martin Ehlert
Download or read book The Impact of Losing Your Job written by Martin Ehlert and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impact of Losing Your Job builds on findings from life course sociology to show clearly just what effects job loss has on income, family life, and future prospects.
Book Synopsis Job Displacement by : John T. Addison
Download or read book Job Displacement written by John T. Addison and published by . This book was released on 1991 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Long-term Effects of Job Displacement by : Ann Huff Stevens
Download or read book Long-term Effects of Job Displacement written by Ann Huff Stevens and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Earnings Losses of Displaced Workers by : Louis S. Jacobson
Download or read book Earnings Losses of Displaced Workers written by Louis S. Jacobson and published by . This book was released on 1992 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Disposable Work Force by : Thomas Moore
Download or read book The Disposable Work Force written by Thomas Moore and published by Routledge. This book was released on 2018-02-06 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-first century has witnessed a transformation of the organization, opportunities, and terms of work. Downsizing, restructuring, and outsourcing are the forces altering employment relationships throughout the work force. Those who tend to see the future in a positive light view the evolving role between employer and employee as empowering for the individual. This book examines the consequences of economic instability due to job loss and the displacement of millions of workers. It draws upon case studies of worker displacement as well as national labor force surveys. Thomas S. Moore finds that consequences of economic instability are productivity slowdown, increased disparities in earnings and income, and higher average unemployment. He assesses the extent of job loss nationwide, its costs to the individuals directly affected, and the way in which the incidence of displacement and earnings loss has shifted over time. Although drawn from an earlier period, the data have an obvious relevance to today's labor markets. Moore argues for an employment and training system that gives employers an incentive to invest in the skills of their employees. Federally funded training programs have not improved the earning ability of displaced and disadvantaged workers, and state-sponsored programs tend to exclude those most in need of assistance. Moore suggests direct employer investment in the general skills of employees. Initially published in a different economic downturn, this continues to be a must read book for all economists, sociologists, and policymakers.
Book Synopsis Recessions and the Cost of Job Loss by : Steven J. Davis
Download or read book Recessions and the Cost of Job Loss written by Steven J. Davis and published by . This book was released on 2011 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop new evidence on the cumulative earnings losses associated with job displacement, drawing on longitudinal Social Security records for U.S. workers from 1974 to 2008. In present value terms, men lose an average of 1.4 years of pre-displacement earnings if displaced in mass-layoff events that occur when the national unemployment rate is below 6 percent. They lose a staggering 2.8 years of pre-displacement earnings if displaced when the unemployment rate exceeds 8 percent. These results reflect discounting at a 5% annual rate over 20 years after displacement. We also document large cyclical movements in the incidence of job loss and job displacement and present evidence on how worker anxieties about job loss, wage cuts and job opportunities respond to contemporaneous economic conditions. Finally, we confront leading models of unemployment fluctuations with evidence on the present value earnings losses associated with job displacement. The model of Mortensen and Pissarides (1994) extended to include search on the job generates present value losses only one-fourth as large as observed losses. Moreover, present value losses in the model vary little with aggregate conditions at the time of displacement, unlike the pattern in the data -- National Bureau of Economic Research web site.
Book Synopsis Job Loss from Imports by : Lori G. Kletzer
Download or read book Job Loss from Imports written by Lori G. Kletzer and published by Peterson Institute. This book was released on 2001 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study of the medium-term effects of trade displacement on American workers, Kletzer uses worker-level data from the US Displaced Worker Surveys to examine the pattern of reemployment following trade-related job loss. She also analyzes regional and local labor market variations, and concludes by exploring the implications of her findings for US policy on linking the labor market and international trade.
Book Synopsis Decomposing the Wage Losses of Displaced Workers by : Pedro S. Raposo
Download or read book Decomposing the Wage Losses of Displaced Workers written by Pedro S. Raposo and published by . This book was released on 2015 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using an unusually rich matched employer-employee-job title data set for Portugal, this paper evaluates the sources of wage losses of workers displaced due to firm closure based on the comparison of workers' wages differentials before and after displacement. Potential wage losses of displaced workers can be related to firm, job title, and match heterogeneity in the pre- and post-displacement jobs. In this vein, we estimate a three-way high-dimensional fixed effects regression model that enables us to decompose the sources of the wage losses into the contribution of firm, job title, and match fixed effects. The worker-firm match plays a very sizable role. We found that the allocation of workers into poorer matches accounts for 38 percent of the total average wage loss. Sorting among firms accounts for 36 percent. Job downgrading also plays a significant role in explaining the wage loss of displaced workers, accounting for the remaining 26 percent.
Book Synopsis Job Displacement by : Lori G. Kletzer
Download or read book Job Displacement written by Lori G. Kletzer and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past decade and a half has seen tremendous research growth in the area of job displacement. This paper discusses the state of knowledge on the issues and questions of job loss. The 1984-96 Displaced Worker Surveys are used to describe how the characteristics of displacement are changing to include more college educated, white collar, and non-manufacturing workers. For many workers, the long-term earnings losses following displacement are large, due to the loss of firm-specific human capital. More research is needed on questions of the causes of job displacement and on the efficacy of employment and training programs.
