The Long-Term Costs of Job Displacement Among Young Workers

摘要: One limitation of the recent research on long-term costs job displacement is its focus individuals with established work histories. Using longitudinal data from National Longitudinal Survey Youth (NLSY), authors estimate for young workers. Similar to a number studies, use comparison group nondisplaced workers and regressions that include individual-level fixed-effects post-displacement earnings losses this group. The rate among cohort was high during 1980s early 1990s. find loss are substantial persistent, as others have shown older more In fifth year following loss, displaced men lose 8.4 percent women 13.0 in annual earnings, relative expected levels. To improve understanding causes these costs, also examine contributions actual due foregone total They clear contrast between losses. Unlike workers, do not experience large decline displacement. At same time, their counterparts rapid growth.