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Employment, Hours, and Earnings Consequences of Job Loss: US Evidence from the Displaced Workers Survey

Henry S. Farber

Princeton University

Journal of Labor Economics 2017

Data are used from the 1984–2016 Displaced Workers Surveys (DWS) to investigate the incidence and consequences of job loss, 1981–2015. These data show a record high rate of job loss in the Great Recession, with serious employment consequences for job losers, including very low rates of re-employment and difficulty finding full-time employment. The average reduction in weekly earnings for job losers making a full-time–full-time transition are relatively small, with a substantial minority reporting earning more on their new job than on the lost job. Most of the cost of job loss comes from difficulty finding new full-time employment.

DOI
10.1086/692353
Volume
35 (S1)
Pages
S235-S272
Language
en
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