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来源类型Working Paper
规范类型报告
DOI10.3386/w28481
来源IDWorking Paper 28481
Searching for Job Security and the Consequences of Job Loss
Gregor Jarosch
发表日期2021-02-22
出版年2021
语种英语
摘要Job loss comes with large present value earnings losses which elude workhorse models of unemployment and labor market policy. I propose a parsimonious model of a frictional labor market in which jobs differ in terms of unemployment risk and workers search off- and on-the-job. This gives rise to a job ladder with slippery bottom rungs where unemployment spells beget unemployment spells. I allow for human capital to respond to time spent out of work and estimate the framework on German Social Security data. The model captures the joint response of wages, employment, and unemployment risk to job loss which I measure empirically. The key driver of the “unemployment scar” is the loss in job security and its interaction with the evolution of human capital.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation
URLhttps://www.nber.org/papers/w28481
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/586153
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GB/T 7714
Gregor Jarosch. Searching for Job Security and the Consequences of Job Loss. 2021.
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