Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010. NBER Working Paper No. 17040

Autor/in	Farber, Henry S.
Institution	National Bureau of Economic Research
Titel	Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010. NBER Working Paper No. 17040
Quelle	(2011), (43 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Dismissal (Personnel); Job Layoff; Dislocated Workers; Economic Climate; Labor Market; Unemployment; Employment Patterns; Surveys; Control Groups; Experimental Groups; Comparative Analysis + Suchen Sie Ihr Suchwort? Dismissal; Entlassung; Beurlaubung; Arbeitsloser; Wirtschaftslage; Labour market; Arbeitsmarkt; Arbeitslosigkeit; Beschäftigungsstruktur; Survey; Umfrage; Befragung
Abstract	The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long. I use data from the Displaced Workers Survey (DWS) from 1984-2010 to investigate the incidence and consequences of job loss from 1981-2009. In particular, the January 2010 DWS, which captures job loss during the 2007-2009 period, provides a window through which to examine the experience of job losers in the Great Recession and to compare their experience to that of earlier job losers. These data show a record high rate of job loss, with almost one in six workers reporting having lost a job in the 2007-2009 period. The consequences of job loss are also very serious during this period with very low rates of reemployment, difficulty finding full-time employment, and substantial earnings losses. The following are appended: (1) Details of the Difference-In-Difference Procedure; and (2) Data underlying Figures. [This paper was prepared for a conference, "Unexpected Lifecycle Events and Economic Security: The Roles of Job Loss, Disability, and Changing Family Structure,'' held at the Federal Reserve Bank of San Francisco, May 20, 2011.] (As Provided).
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Update	2018/2/04