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.

Angaben zum Objekt

• Umfang: Seite(n): 109-120
• Sprache: Englisch
• Anmerkungen: Status: Postprint; begutachtet (peer reviewed)

Verweise und Beziehungen

• Erschienen in: Journal of Econometrics, 145(1-2)

Klassifikation und Themen

• Thema: Wirtschaft ; Arbeitsmarktforschung

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Browning, Martin ; Crossley, Thomas F.
• Ereignis: Veröffentlichung
• (wo): Niederlande
• (wann): 2008

Weitere Informationen

• DOI: https://doi.org/10.1016/j.jeconom.2008.05.005
• URN: urn:nbn:de:0168-ssoar-131845
• Rechteinformation: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Letzte Aktualisierung: 21.06.2024, 16:26 MESZ