NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Stephen A. Woodbury

Department of Economics
Michigan State University
486 West Circle Drive, Room 110
East Lansing, MI 48824

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliations: Michigan State University and W.E. Upjohn Institute for Employment Research

NBER Working Papers and Publications

January 2018Sources of Displaced Workers’ Long-Term Earnings Losses
with Marta Lachowska, Alexandre Mas: w24217
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 explain more than half of the wage losses.
 
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