The long-run cost of job loss as measured by consumption changes.
We consider the measurement of the cost of job displacement. With a Canadian panel survey we compare the consumption growth of households that experienced a permanent layoff to a control group of households that experienced a temporary layoff with known recall date. Because the firms employing the latter group are providing insurance, these workers approximate a benchmark of full insurance against job loss shocks. We estimate that permanent layoffs experience an average consumption loss of be...Expand abstract
- Copyright date:
Views and Downloads
If you are the owner of this record, you can report an update to it here: Report update to this record