Worker displacement and the added worker effect

• 成果类型: Article
• 署名作者: Stephens, M
• 署名单位: Carnegie Mellon University; National Bureau of Economic Research
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• 发表日期: 2002
• 页码: 504-537
• 关键词: least-squares estimation; LABOR; models; unemployment; constraints; covariance

摘要

This article examines the added worker effect, which is the labor supply response of wives to their husbands' job losses. Unlike past studies, which focused on the husbands' current unemployment status, this article analyzes wives' responses before and after job losses to examine the life-cycle labor supply adjustments. Using Panel Study of Income Dynamics data reveals small predisplacement effects and large, persistent postdisplacement effects. The timing of the responses differs with type of displacement, possibly because of differences in the information acquired before job loss. Long-run labor supply increases compensate for over 25% of the husbands' lost income.