Job Loss and Employment Patterns of Older Workers

TitleJob Loss and Employment Patterns of Older Workers
Publication TypeJournal Article
Year of Publication2001
AuthorsChan, S, Stevens, AHuff
JournalJournal of Labor Economics
Volume19
Issue2
Pagination484-521
Call Numberpubs_2001_Chan_SJoLE.pdf
KeywordsConsumption and Savings, Employment and Labor Force, Retirement Planning and Satisfaction
Abstract

This article uses data from the Health and Retirement Study to examine the employment patterns of workers aged 50 and above who have experienced an involuntary job loss. Hazard Models for returning to work and for exiting post displacement employment are estimated and used to examine work patterns for 10 years following a job loss. Our findings show that a job loss results in large and lasting effects on future employment probabilities. Four years after job losses at age 55, the employment rate of displaced workers remains 20 percentage points below the employment rate of similar nondisplaced workers.

Notes

ProCite field 3 : Rutgers U; Yale U

URLhttp://www.journals.uchicago.edu/JOLE/home.html
Endnote Keywords

Unemployment/Job Loss/Economics of the Elderly/Labor Turnover/Retirement/Retirement Policies/Older Workers/Retirement

Endnote ID

1154

Citation Key6732