Upward, R. and Wright, P. orcid.org/0000-0003-2317-7346 (2019) Don't Look Down: The Consequences of Job Loss in a Flexible Labour Market. Economica, 86 (341). pp. 166-200. ISSN 0013-0427
Abstract
We estimate the earnings, hours and income effects of job loss for a representative sample of UK workers from 1991–2007. We follow workers before and after job loss, regardless of their labour market state, and we match displaced workers with similar non-displaced workers. This provides a more comprehensive picture of the effect of job loss in the UK than previously available. Job loss causes a long-run reduction in income which is mainly due to reductions in monthly pay rather than in employment propensity. Income from other labour market states and from welfare payments does little to compensate for income losses. This lack of a “safety net” means that job loss in the UK has a similar impact to job loss in the US.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 The London School of Economics and Political Science. This is an author produced version of a paper subsequently published in Economica. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Job loss; displacement; unemployment; unemployment insurance |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 22 Aug 2017 09:22 |
Last Modified: | 09 Apr 2024 15:19 |
Status: | Published |
Publisher: | Wiley |
Refereed: | Yes |
Identification Number: | 10.1111/ecca.12254 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:120329 |