Sources of Displaced Workers' Long-Term Earnings Losses

• 成果类型: Article
• 署名作者: Lachowska, Marta; Mas, Alexandre; Woodbury, Stephen A.
• 署名单位: W.E. Upjohn Institute for Employment Research; Princeton University; National Bureau of Economic Research; Michigan State University; W.E. Upjohn Institute for Employment Research
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer20180652
• 发表日期: 2020
• 页码: 3231-3266
• 关键词: high wage workers; job loss; firm; unemployment; insurance; mobility; ladders; match; COSTS; size

摘要

We estimate the magnitudes of reduced earnings, work hours, and wage rates of workers displaced during the Great Recession using linked employer-employee panel data from Washington state. Displaced workers' earnings losses occurred mainly because hourly wage rates dropped at the time of displacement and recovered sluggishly. Lost employer-specific premiums explain only 17 percent of these losses. Fully 70 percent of displaced workers moved to employers paying the same or higher wage premiums than the displacing employers, but these workers nevertheless suffered substantial wage rate losses. Loss of valuable specific worker-employer matches explains more than one-half of the wage losses.