Sources Of Displaced Workers Long Term Earnings Losses PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Sources Of Displaced Workers Long Term Earnings Losses PDF full book. Access full book title Sources Of Displaced Workers Long Term Earnings Losses.
Author | : Marta Lachowska |
Publisher | : |
Total Pages | : 44 |
Release | : 2018 |
Genre | : Displaced workers |
ISBN | : |
Download Sources of Displaced Workers' Long-Term Earnings Losses Book in PDF, ePub and Kindle
We estimate the earnings losses of a cohort of workers displaced during the Great Recession and decompose those long-term losses into components attributable to fewer work hours and to reduced hourly wage rates. We also examine the extent to which the reduced earnings, work hours, and wages of these displaced workers can be attributed to factors specific to pre- and post-displacement employers; that is, to employer-specific fixed effects. The analysis is based on employer-employee linked panel data from Washington State assembled from 2002--2014 administrative wage and unemployment insurance (UI) records. Three main findings emerge from the empirical work. First, five years after job loss, the earnings of these displaced workers were 16 percent less than those of comparison groups of non-displaced workers. Second, earnings losses within a year of displacement can be explained almost entirely by lost work hours; however, five years after displacement, the relative earnings deficit of displaced workers can be attributed roughly 40 percent to reduced hourly wages and 60 percent to reduced work hours. Third, for the average displaced worker, lost employer-specific premiums account for about 11 percent of long-term earnings losses and nearly 25 percent of lower long-term hourly wages. For workers displaced from employers paying top-quintile earnings premiums (about 60 percent of the displaced workers in the sample), lost employer-specific premiums account for more than half of long-term earnings losses and 83 percent of lower long-term hourly wages.Three main findings emerge from the empirical work. First, five years after job loss, the earnings of these displaced workers were 16 percent less than those of comparison groups of non-displaced workers. Second, earnings losses within a year of displacement can be explained almost entirely by lost work hours; however, five years after displacement, the relative earnings deficit of displaced workers can be attributed roughly 40 percent to reduced hourly wages and 60 percent to reduced work hours. Third, for the average displaced worker, lost employer-specific premiums account for about 11 percent of long-term earnings losses and nearly 25 percent of lower long-term hourly wages. For workers displaced from employers paying top-quintile earnings premiums (about 60 percent of the displaced workers in the sample), lost employer-specific premiums account for more than half of long-term earnings losses and 83 percent of lower long-term hourly wages.
Author | : Louis S. Jacobson |
Publisher | : |
Total Pages | : 64 |
Release | : 1992 |
Genre | : Displaced workers |
ISBN | : |
Download Earnings Losses of Displaced Workers Book in PDF, ePub and Kindle
Author | : Christopher Erath |
Publisher | : |
Total Pages | : 384 |
Release | : 1997 |
Genre | : |
ISBN | : |
Download Earnings Losses After Involuntary Displacement Book in PDF, ePub and Kindle
Author | : Brendan Moore |
Publisher | : |
Total Pages | : 0 |
Release | : 2019 |
Genre | : |
ISBN | : |
Download The Firm's Role in Displaced Workers' Earnings Losses Book in PDF, ePub and Kindle
We use employer-employee matched administrative data from Ohio to study the role of firm pay premiums in explaining the large, persistent earnings losses of displaced workers. We estimate that earnings for displaced workers from the mid-2000s are depressed by 22 percent after four years, consistent with prior work. Drawing upon empirical approaches from the displaced worker and firm heterogeneity literature, we then estimate how much of this earnings loss can be explained by the forfeiture of a favorable employer-specific pay premium. Our preferred estimate attributes one quarter (24 percent) of long-run earnings deficits to lost firm pay premiums. Such firm rents explain up to half the earnings deficits for those laid off from manufacturing firms and employers with particularly generous pay policies. We test for sensitivity to different samples from which we derive firm specific-pay premiums and definitions of displacement. Our estimates persist in a narrow range between 16 and 24 percent for the share explained by firm rents, adding to the evidence that firm rents do not explain the majority of earnings or wage losses sustained by displaced workers in the United States.
Author | : Roger White |
Publisher | : |
Total Pages | : |
Release | : 2007 |
Genre | : |
ISBN | : |
Download Long-Run Wage and Earnings Losses of Displaced Workers Book in PDF, ePub and Kindle
Displacement-related losses are estimated using NLSY79 data that span the years 1979-2000. The typical displaced worker faces losses of $34,065 during the period four years prior through five years following displacement. Proportionally, this represents a 10.8 percent loss compared to earnings of similar non-displaced workers over the period. Considerable variation in losses is reported across worker types. Union, male and more mature workers suffer greater losses, respectively, than do their non-union, female and younger counterparts. College graduates and high school dropouts are found to suffer lower losses compared to high school diploma holders and those who completed some college.
Author | : Louis S. Jacobson |
Publisher | : |
Total Pages | : 48 |
Release | : 1976 |
Genre | : Displaced workers |
ISBN | : |
Download Earnings Losses of Workers Displaced from Manufacturing Industries Book in PDF, ePub and Kindle
A particularly sensitive current policy issue is the effect of changes in tariffs and quotas on employment and earnings. This study examines empirically some of the effects of a permanent labor displacement which might result from changes in international trade policy. Specifically, it presents estimates of how job displacement would change the long-term earnings of workers in 11 industries, and relates the findings to industry characteristics so that they can be projected to industries not directly studied. This study was designed to assist in determining industries in which trade liberalization would impose large losses on workers. Results show that average prime age male workers suffer substantial losses of earnings in industries where the normal rate of labor turnover is low and prime age males make up a high percentage of the total labor force. These industries also tend to be high wage industries. Displacement from the auto and steel industries is estimated to reduce earnings over a 6 year period by about 24%, and by almost as much in several other high wage industries. The estimated loss in low wage industries was much smaller, averaging about 5%, in some cases, such as cotton weaving, no appreciable loss could be detected.
Author | : Johannes F. Schmieder |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : |
Download The Costs of Job Displacement Over the Business Cycle and Its Sources Book in PDF, ePub and Kindle
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses and their cyclicality is driven by declines in wages. Key to these long-lasting wage declines and their cyclicality are changes in employer characteristics, as displaced workers switch to lower-paying firms. Changes in characteristics of workers or displacing firms explain little of the cyclicality, though non-employment durations correlated with losses in employer effects play a role.
Author | : Andreas Gulyas |
Publisher | : |
Total Pages | : 0 |
Release | : 2021 |
Genre | : |
ISBN | : |
Download Understanding the Sources of Earnings Losses After Job Displacement Book in PDF, ePub and Kindle
We implement a generalized random forest (Athey et al., 2019) to a differencein-difference setting to identify substantial heterogeneity in earnings losses across displaced workers. Using administrative data from Austria over three decades we document that a quarter of workers face cumulative 11-year losses higher than 2 times their pre-displacement annual income, while almost 10% of individuals experience gains. Our methodology allows us to consider many competing theories of earnings losses. We find that the displacement firm's wage premia and the availability of well paying jobs in the local labor market are the two most important factors. This implies that earnings losses can be understood by mean reversion in firm wage premia and losses in match quality, rather than by a destruction of firm-specific human capital. We further show that 94% of the cyclicality of earnings losses is explained by compositional changes of displaced workers over the business cycle.
Author | : Louis S. Jacobson |
Publisher | : W. E. Upjohn Institute |
Total Pages | : 204 |
Release | : 1993 |
Genre | : Business & Economics |
ISBN | : |
Download The Costs of Worker Dislocation Book in PDF, ePub and Kindle
Based on a study of earning losses suffered by a group of experienced workers in Pennsylvania, USA who separated from their firms between 1980 and 1986. Examines how these losses depend on various characteristics of the workers and their former employers.
Author | : Sara de la Rica |
Publisher | : |
Total Pages | : 38 |
Release | : 1992 |
Genre | : Displaced workers |
ISBN | : |
Download Displaced Workers in Mass Layoffs Book in PDF, ePub and Kindle