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来源类型Working Paper
规范类型报告
DOI10.3386/w7218
来源IDWorking Paper 7218
Job Destruction and the Experiences of Displaced Workers
Wouter J. den Haan; Garey Ramey; Joel Watson
发表日期1999-07-01
出版年1999
语种英语
摘要This paper evaluates a class of endogenous job destruction models based on how well they explain the observed experiences of displaced workers. We show that pure reallocation models in which relationship-specific productivity drifts downward over time are difficult to reconcile with the evidence on postdisplacement wages and displacement rates. Pure reallocation models with upward drift can explain the evidence, but implausibly large and persistent negative productivity shocks are required to generate displacements. Combining upward drift with outside benefits or moral hazard as additional motives for displacement makes it possible to explain the evidence with much smaller shocks. Propagation of aggregate shocks, welfare implications of displacement, upgrade of relationships in lieu of displacement, and learning effects are also discussed.
主题Labor Economics ; Labor Compensation ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w7218
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/564751
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GB/T 7714
Wouter J. den Haan,Garey Ramey,Joel Watson. Job Destruction and the Experiences of Displaced Workers. 1999.
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