Abstract

http://ssrn.com/abstract=1444717
 
 

References (22)



 


 



A Distributional Analysis of Displacement Costs in an Economic Depression and Recovery


Ossi Korkeamäki


Government Institute for Economic Research (VATT)

Tomi Kyyrä


Government Institute for Economic Research (VATT)

August 6, 2009

VATT Disscussion Paper No. 465

Abstract:     
We study the earnings losses of Finnish private sector workers who lost their jobs at two very different points in the business cycle. The first group was displaced in 1992 (depression period) and the second one in 1997 (recovery period). The focal point of the analysis is the quantile displacement effect, the change in the earnings distribution due to involuntary job separation. We use mass layoffs and plant closures to identify groups of workers who were displaced from exogenous causes. The effect of displacement is strongest at the lower end of the earnings distribution, and small or negligible at the upper end. Women and those displaced during the depression period are subject to larger earnings losses.

Number of Pages in PDF File: 32

Keywords: Displacement, earnings losses, unemployment, quantile regression

JEL Classification: J31, J63, J65

working papers series





Download This Paper

Date posted: August 6, 2009  

Suggested Citation

Korkeamäki, Ossi and Kyyrä, Tomi, A Distributional Analysis of Displacement Costs in an Economic Depression and Recovery (August 6, 2009). VATT Disscussion Paper No. 465. Available at SSRN: http://ssrn.com/abstract=1444717 or http://dx.doi.org/10.2139/ssrn.1444717

Contact Information

Ossi Korkeamäki
Government Institute for Economic Research (VATT) ( email )
Arkadiankatu 7
Helsinki, 00101
Finland
Tomi Kyyrä (Contact Author)
Government Institute for Economic Research (VATT) ( email )
PO Box 1279
Helsinki, 00101
Finland
HOME PAGE: http://www.vatt.fi
Feedback to SSRN


Paper statistics
Abstract Views: 221
Downloads: 25
References:  22
Paper comments
No comments have been made on this paper

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.375 seconds