TY  - JOUR
AU  - Hamermesh,Daniel S.
TI  - What Do We Know About Worker Displacement in the U.S.?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2402
PY  - 1987
Y2  - October 1987
UR  - http://www.nber.org/papers/w2402
L1  - http://www.nber.org/papers/w2402.pdf
N1  - Author contact info:
Daniel S. Hamermesh
Department of Economics
University of Texas
Austin, TX 78712-1173
Tel: 512/475-8526
Fax: 512/471-3510
E-Mail: hamermes@eco.utexas.edu
AB  - In the United States roughly one-half million workers with 3+ years on the job have become unemployed each year during the 1980s because of plant closings. There is evidence that this represents an increase over earlier periods of similar macroeconomic conditions. Wage cuts within the observed range lower only slightly the probability that a plant will close. The average loss of earnings, due to long spells of post-displacement unemployment and to subsequent reduced wages, is substantial. While minorities suffer an above-average rate of displacement, the earnings losses they experience upon displacement are not disproportionately high. Women and older workers are no more likely than others to become displaced, and their losses are not disproportionate; but workers who have been on the job longer lose more.
ER  -