Work

Interindustry Variation in the Costs of Job Displacement

Year: 1994

Type: article

Abstract: Job displacement entails a substantial wage reduction for most displaced workers. We show that the mean reduction, the tenure profile of reductions, and the experience profile of reductions all vary substantially across industries. We then link this interindustry variation to analogous variation in firm size, unionization, wage levels, and the incidence of employer-provided training. While these industry characteristics explain some of the interindustry variation in mean wage reductions, they do not explain variation in the tenure or experience profiles of wage reductions.

Source: Journal of Labor Economics

DOI: 10.1086/298357

Authors: William J. Carrington, Asad Zaman

Institutions: Bilkent University, University of Chicago

Language: English

Topic: Labor market dynamics and wage inequality

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

Funder: Johns Hopkins University