The Long-Run Cost of Job Loss as Measured by Consumption Changes.
We consider the measurement of the cost of job displacement. With a Canadian panel survey we compare the consumption growth of households that experienced a permanent layoff to a control group of households that experienced a temporary layoff with known recall date. Because the firms employing the l...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
SEDAP
2006
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| _version_ | 1797059752736325632 |
|---|---|
| author | Browning, M Crossley, T |
| author_facet | Browning, M Crossley, T |
| author_sort | Browning, M |
| collection | OXFORD |
| description | We consider the measurement of the cost of job displacement. With a Canadian panel survey we compare the consumption growth of households that experienced a permanent layoff to a control group of households that experienced a temporary layoff with known recall date. Because the firms employing the latter group are providing insurance, these workers approximate a benchmark of full insurance against job loss shocks. We estimate that permanent layoffs experience an average consumption loss of between 4% and 10%. Older workers and workers with high job tenure have losses closer to the top of this range. |
| first_indexed | 2024-03-06T20:08:42Z |
| format | Working paper |
| id | oxford-uuid:29ce2dd4-3d0f-44bf-8255-0828254fde41 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T20:08:42Z |
| publishDate | 2006 |
| publisher | SEDAP |
| record_format | dspace |
| spelling | oxford-uuid:29ce2dd4-3d0f-44bf-8255-0828254fde412022-03-26T12:21:19ZThe Long-Run Cost of Job Loss as Measured by Consumption Changes.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:29ce2dd4-3d0f-44bf-8255-0828254fde41EnglishDepartment of Economics - ePrintsSEDAP2006Browning, MCrossley, TWe consider the measurement of the cost of job displacement. With a Canadian panel survey we compare the consumption growth of households that experienced a permanent layoff to a control group of households that experienced a temporary layoff with known recall date. Because the firms employing the latter group are providing insurance, these workers approximate a benchmark of full insurance against job loss shocks. We estimate that permanent layoffs experience an average consumption loss of between 4% and 10%. Older workers and workers with high job tenure have losses closer to the top of this range. |
| spellingShingle | Browning, M Crossley, T The Long-Run Cost of Job Loss as Measured by Consumption Changes. |
| title | The Long-Run Cost of Job Loss as Measured by Consumption Changes. |
| title_full | The Long-Run Cost of Job Loss as Measured by Consumption Changes. |
| title_fullStr | The Long-Run Cost of Job Loss as Measured by Consumption Changes. |
| title_full_unstemmed | The Long-Run Cost of Job Loss as Measured by Consumption Changes. |
| title_short | The Long-Run Cost of Job Loss as Measured by Consumption Changes. |
| title_sort | long run cost of job loss as measured by consumption changes |
| work_keys_str_mv | AT browningm thelongruncostofjoblossasmeasuredbyconsumptionchanges AT crossleyt thelongruncostofjoblossasmeasuredbyconsumptionchanges AT browningm longruncostofjoblossasmeasuredbyconsumptionchanges AT crossleyt longruncostofjoblossasmeasuredbyconsumptionchanges |