TITLE:
Interindustry Variation in the Costs of Job Displacement
JOURNAL:
Journal of Labor Economics
DATE OF PUBLICATION:
April 1994
ABSTRACT:
Job displacement entails a substantial wage reduction for most displaced workers. We show that the mean reduction, the tenure profile of reductions, and the experience profile of reductions all vary substantially across industries. We then link this interindustry variation to analogous variation in firm size, unionization, wage levels, and the incidence of employer-provided training. While these industry characteristics explain some of the interindustry variation in mean wage reductions, they do not explain variation in the tenure or experience profiles of wage reductions.
REFERENCE:
Zaman, Asad; William J. Carrington“Interindustry Variation in the Costs of Job Displacement,” Journal of Labor Economics Vol. 12, number 2, pages 243-275, April 1994