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Title: Labor Market Effects from Involuntary Job Losses in Layoffs and Plant Closings: The Role of Human Capital in Facilitating Reemployment and Reduced Wage Loss
Resulting in 1 citation.
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Maxwell, Nan L. |
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Labor Market Effects from Involuntary Job Losses in Layoffs and Plant Closings: The Role of Human Capital in Facilitating Reemployment and Reduced Wage Loss American Journal of Economics and Sociology 48,2 (April 1989): 129-141. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1536-7150.1989.tb02106.x/abstract Cohort(s): Young Men, Young Women Publisher: American Journal of Economics and Sociology, Inc. Keyword(s): Displaced Workers; Family Income; Human Capital; Layoffs; Re-employment; Training; Unemployment; Wages A study examined a sample of young men and women, drawn from the National Longitudinal Surveys of Labor Market Experience, to determine the extent to which unemployment and wage change after involuntary job termination were related to human capital accumulation prior to displacement. The results indicated that human capital serves as a productivity signal to new employers. It was found that workers with more firm- specific and general human capital, as manifested by higher predisplacement wages, were less likely to suffer wage loss and unemployment. Workers who showed little commitment to the labor force or were victims of bias - low skill, clerical or sales workers, females, and relatively low contributors to the family income - were unlikely candidates for reemployment. These individuals will be greatly harmed by job termination, as some of these characteristics (low skill and female) are also associated with greater wage loss. (ABI/Inform) |
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Bibliography Citation
Maxwell, Nan L. "Labor Market Effects from Involuntary Job Losses in Layoffs and Plant Closings: The Role of Human Capital in Facilitating Reemployment and Reduced Wage Loss." American Journal of Economics and Sociology 48,2 (April 1989): 129-141.
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