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American Economic Review Vol. 89 No. 2 1999

Employment and Retirement Following a Late-Career Job Loss

Sewin Chan1; Ann Huff Stevens2

1 Department of Economics, Rutgers University, New Brunswick, NJ 08901. · 2 Department of Economics, Yale University, New Haven, CT 06520.

Abstract

The frequency of job loss among workers in late career has risen disproportionately in recent years. The effects of job loss on these workers are potentially severe: their earnings capacity, savings, and retirement expectations are likely to be dramatically affected and they may take substantially longer to be re-employed. However, despite these reasons for heightened concern, relatively little is known about the economic consequences of late career job loss among recent cohorts of workers. This paper presents findings from an ongoing research project using the Health and Retirement Study that focuses on the economic impacts of late career job loss on employment and retirement patterns, as well as on earnings and assets.(This abstract was borrowed from another version of this item.)

DOI
10.1257/aer.89.2.211
Volume
89
Issue
2
Pages
211-216
Language
en
Sources
bibtex:phds-export.bib openalex crossref

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