The long-run cost of job loss as measured by consumption changes

Journal article | Zeitschriftenartikel

We consider the measurement of the cost of job displacement. With a Canadian panel survey we compare the consumption growth of households that experienced a permanent layoff to a control group of households that experienced a temporary layoff with known recall date. Because the firms employing the latter group are providing insurance, these workers approximate a benchmark of full insurance against job loss shocks. We estimate that permanent layoffs experience an average consumption loss of between 4% and 10%. Older workers and workers with high job tenure have losses closer to the top of this range.

Object Details

• Extent: Seite(n): 109-120
• Language: Englisch
• Notes: Status: Postprint; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Journal of Econometrics, 145(1-2)

Classification and Topics

• Subject: Wirtschaft ; Arbeitsmarktforschung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Browning, Martin ; Crossley, Thomas F.
• Event: Veröffentlichung
• (where): Niederlande
• (when): 2008

Further information

• DOI: https://doi.org/10.1016/j.jeconom.2008.05.005
• URN: urn:nbn:de:0168-ssoar-131845
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:26 PM CEST