G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w30162
来源IDWorking Paper 30162
The Costs of Job Displacement over the Business Cycle and Its Sources: Evidence from Germany
Johannes F. Schmieder; Till M. von Wachter; Jörg Heining
发表日期2022-06-20
出版年2022
语种英语
摘要We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses and their cyclicality is driven by declines in wages. Key to these long-lasting wage declines and their cyclicality are changes in employer characteristics, as displaced workers switch to lower-paying firms. Changes in characteristics of workers or displacing firms explain little of the cyclicality, though non-employment durations correlated with losses in employer effects play a role.
主题Labor Economics ; Labor Compensation ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w30162
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/587836
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Johannes F. Schmieder,Till M. von Wachter,Jörg Heining. The Costs of Job Displacement over the Business Cycle and Its Sources: Evidence from Germany. 2022.
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