Arbeitspapier
Job Security and Liquid Wealth
We study changes in job security after displacement and exploit eligibility rules for lump-sum payments in the Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being a permanent worker remains 12% lower for displaced workers. Those eligible to a lump-sum transfer experience a significantly smaller negative shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as an important mechanism linking unemployment and job security. Finally, we estimate that losses in job security can explain 21% of the wage cost associated with job displacement.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. TI 2023-072/V
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Unemployment Insurance; Severance Pay; Plant Closings
- Thema
-
Wealth inequality
Job loss
Job security
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Figueiredo, Ana
Marie, Olivier
Markiewicz, Agnieszka
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Figueiredo, Ana
- Marie, Olivier
- Markiewicz, Agnieszka
- Tinbergen Institute
Entstanden
- 2023
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