Employment and Retirement Following a Late-Career Job Loss
Findings are presented from an ongoing research project that focuses on the economic impacts of late-career job loss on employment and retirement patterns, as well as on earnings and assets. The findings point to large and lasting effects of late-career job loss on wages, assets, employment expectat...
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| Veröffentlicht in: | The American economic review 1999-05, Vol.89 (2), p.211-216 |
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| container_title | The American economic review |
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| creator | Chan, Sewin Stevens, Ann Huff |
| description | Findings are presented from an ongoing research project that focuses on the economic impacts of late-career job loss on employment and retirement patterns, as well as on earnings and assets. The findings point to large and lasting effects of late-career job loss on wages, assets, employment expectations and actual employment. Viewed in light of the literature on the timing of retirement, these results are consistent with displacement reevaluation of work-retirement tradeoffs. Following displacement, wages and assets decrease considerably, future employment expectations may be revised, and there continue to be significant effects of displacement on employment transitions over many years, even after displaced workers' initial reemployment. |
| doi_str_mv | 10.1257/aer.89.2.211 |
| format | Article |
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Following displacement, wages and assets decrease considerably, future employment expectations may be revised, and there continue to be significant effects of displacement on employment transitions over many years, even after displaced workers' initial reemployment.</description><subject>Age</subject><subject>Careers</subject><subject>Comparative studies</subject><subject>Dismissals</subject><subject>Displaced workers</subject><subject>Early retirement</subject><subject>Economic theory</subject><subject>Effects</subject><subject>Employee pension plans</subject><subject>Employment</subject><subject>Employment forecasting</subject><subject>Households</subject><subject>Job loss</subject><subject>Job search</subject><subject>Labor economics</subject><subject>Labour redundancy</subject><subject>Men</subject><subject>Older workers</subject><subject>Retirement</subject><subject>Retirement plans</subject><subject>Statistical analysis</subject><subject>Topics in Labor 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review</jtitle><date>1999-05-01</date><risdate>1999</risdate><volume>89</volume><issue>2</issue><spage>211</spage><epage>216</epage><pages>211-216</pages><issn>0002-8282</issn><eissn>1944-7981</eissn><coden>AENRAA</coden><abstract>Findings are presented from an ongoing research project that focuses on the economic impacts of late-career job loss on employment and retirement patterns, as well as on earnings and assets. The findings point to large and lasting effects of late-career job loss on wages, assets, employment expectations and actual employment. Viewed in light of the literature on the timing of retirement, these results are consistent with displacement reevaluation of work-retirement tradeoffs. Following displacement, wages and assets decrease considerably, future employment expectations may be revised, and there continue to be significant effects of displacement on employment transitions over many years, even after displaced workers' initial reemployment.</abstract><cop>Menasha, Wis</cop><pub>American Economic Association</pub><doi>10.1257/aer.89.2.211</doi><tpages>6</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0002-8282 |
| ispartof | The American economic review, 1999-05, Vol.89 (2), p.211-216 |
| issn | 0002-8282 1944-7981 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38743649 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; American Economic Association Web |
| subjects | Age Careers Comparative studies Dismissals Displaced workers Early retirement Economic theory Effects Employee pension plans Employment Employment forecasting Households Job loss Job search Labor economics Labour redundancy Men Older workers Retirement Retirement plans Statistical analysis Topics in Labor Economics Unemployment Wages Wages & salaries Women Working women |
| title | Employment and Retirement Following a Late-Career Job Loss |
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