期刊名称：Discussion Paper Series / Department of Economics, New York University
出版年度：2010
卷号：2010
期号：1
出版社：New York University
摘要：We show that workers displaced from their stable jobs during mass-layoffs in 1982 recession in
Germany suffered permanent earnings losses of 10-15% lasting at least 15 years. These estimates
are obtained using data and methodology comparable to similar studies for the United States.
Exploiting advantages of the German data, we also show that while reduction and recovery in
time worked plays a role in explaining earnings losses during the first ten years, the majority of
the long-run loss is due to a decline in wages. We also show that even the generous German
unemployment insurance system replaced only a small fraction of the total earnings loss. These
findings suggest that job displacements can lead to large and lasting reductions in income even in
labor markets with tighter social safety nets and lower earnings inequality.
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