- (pp. 115-136)
AbstractThe past decade and a half has seen tremendous research growth in the area of job displacement. This paper discusses the state of knowledge on the issues and questions of job loss. The 1984-96 Displaced Worker Surveys are used to describe how the characteristics of displacement are changing to include more college educated, white collar, and nonmanufacturing workers. For many workers, the long-term earnings losses following displacement are large due to the loss of firm-specific human capital. More research is needed on the questions of the causes of job displacement and on the efficacy of employment and training programs.
Citation1998. "Job Displacement." Journal of Economic Perspectives, 12(1): 115-136. DOI: 10.1257/jep.12.1.115
- J63 Labor Turnover; Vacancies; Layoffs
- O33 Technological Change: Choices and Consequences; Diffusion Processes
- E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital