Premium
How the Risk of Displacement for Older Workers Has Changed
Author(s) -
Zhivan Natalia A.,
Soto Mauricio,
Sass Steven A.,
Munnell Alicia H.
Publication year - 2012
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/j.1467-9914.2011.00537.x
Subject(s) - displacement (psychology) , displaced workers , demographic economics , labour economics , convergence (economics) , educational attainment , older people , economics , psychology , gerontology , medicine , economic growth , unemployment , psychotherapist
Using Blinder–Oaxaca decomposition and relying on the consistent design of the Displaced Worker Survey since 1996, this study analyses various factors contributing to the rising dislocation of older workers, such as changes in tenure, industry mix, educational attainment, and labor force participation. Although in the past older workers were less prone to displacement compared with prime‐age workers, this paper finds that older workers are now more likely to be displaced, conditional on education, manufacturing industry, and tenure. Declining tenure, a higher incidence of displacement in manufacturing, and a higher labor force participation among older workers largely explain the convergence of displacement rates among older and prime‐age workers.