Labor Market Effects from Involuntary Job Losses in Layoffs, Plant Closings: The Role of Human Capital in Facilitating Reemployment and Reduced Wage Losses |
| |
| Authors: | Nan L. Maxwell |
| |
| Affiliation: | [Nan L. Maxwell, Ph.D., is assistant professor of economics, California State University at Hayward, School of;Business and Economics, Hayward, CA 94542.] The author thanks Ronald D'Amico for comments and methodological assistance, and Jeff Golon and Michael Motto for research and programming assistance. She bears sole responsibility for viewpoints and interprettation. |
| |
| Abstract: | Abstract . Wage loss and reemployment following involuntary Job loss are examined, using a nationally representative sample of young men and women in their late twenties. Workers with increased human capital are less likely to suffer wage loss and unemployment after job termination. Workers characterized as having little commitment to the labor market—low skill levels, clerical and sales workers, females, and low contributors to family income—are more likely to suffer unemployment and wage loss after job loss. This suggests that human capital characteristics serve as a signal of desirable, or undesirable, worker traits to a new firm. |
| |
| Keywords: | |
|
|
