منابع مشابه
Late life job displacement.
Data from the 1992 wave of the Health and Retirement Study are used to examine the incidence of job displacement among workers ages 51 through 60. The average displaced worker experiences a loss in earnings of 39%. Households which contain a displaced worker have incomes 24% lower than the household of an average worker. Little of these lost earnings are replaced through pension income. The rat...
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This paper examines how job displacement and physical disability suffered by a spouse affects the probability that the person’s marriage ends in divorce. According to the standard economic model of marriage, the arrival of new information about a partner’s earning capacity that an earnings shock conveys might affect the gains that the couple believes it will receive from remaining married. Shoc...
متن کاملThe Echo of Job Displacement
This paper examines the long-term effects of job displacement, due to establishment closures in Sweden, on labour market status. Linked employer-employee data made it possible to identify all workers displaced in 1987 and to follow them until 1999. Using a difference-indifference matching estimator, we found a rapid recovery after the displacement in 1987, with respect to both employment and un...
متن کاملThe Credit Market Consequences of Job Displacement
This paper demonstrates the important role of job displacement in the household bankruptcy decision. I develop a dynamic, forward-looking model of unemployment and bankruptcy where persistent negative income shocks increase a household’s likelihood of filing for bankruptcy both immediately and in the future. Consistent with the model’s predictions, I find that households in the NLSY are four ti...
متن کاملLong-Term Nonemployment and Job Displacement
The unprecedented rise in long-term unemployment (LTU) during the Great Recession has raised the question whether LTU contributed to the persistent decline in the aggregate employment rate. An important difficulty in evaluating this question is that standard measures do not capture the duration of joblessness for the rising number of nonemployed workers not formally classified as unemployed in ...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 1998
ISSN: 0895-3309
DOI: 10.1257/jep.12.1.115