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

Henry S. Farber | Zendy

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

Author(s) -

Henry S. Farber

Publication year - 2017

Publication title -

journal of labor economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 8.184

H-Index - 109

eISSN - 1537-5307

pISSN - 0734-306X

DOI - 10.1086/692353

Subject(s) - job loss , earnings , displaced workers , labour economics , recession , survey data collection , economics , great recession , demographic economics , unemployment , statistics , mathematics , accounting , keynesian economics , economic growth

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.

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