Saturday, Jan. 6, 2018 2:30 PM - 4:30 PM
- Chair: Pawel Krolikowski, Federal Reserve Bank of Cleveland
Job-to-Job Flows and the Consequences of Job Separations
AbstractThis paper extends the literature on the earnings losses of displaced workers to provide a more comprehensive picture of the earnings and employment outcomes for workers who separate. First, we compare workers who separate from distressed employers (presumably displaced workers) and those who separate from stable or growing employers. Second, we distinguish between workers who do and do not experience a spell of joblessness. Third, we examine the full distribution of earnings outcomes from separations – not the impact on only the average worker.
We find that earnings outcomes depend much less on whether a job separation is associated with a distressed employer than on whether the separator experienced a jobless spell after the separation. Moreover, we find that workers separating from distressed firms are faster to find jobs at new employers than are other separators.
Reconsidering the Consequences of Worker Displacements: Firm Versus Worker Perspective
AbstractDisplaced workers suffer persistent earnings losses. This stark finding has been established by following workers in administrative data after mass layoffs under the presumption that these are involuntary separations owing to economic distress. This paper examines this presumption by matching survey data on worker-supplied reasons for separations with administrative data. Workers exhibit substantially different earnings dynamics in mass layoffs depending on the reason for separation. Using a new methodology to account for the increased separation rates across all survey responses during a mass layoff, the paper finds earnings loss estimates that are surprisingly close to those using only administrative data.
The Short- and Long-term Effects of Job Displacement on Retirement
AbstractNot available yet
- J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers
- J3 - Wages, Compensation, and Labor Costs