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Lifecycle Events and Their ConsequencesJob Loss, Family Change, and Declines in Health$
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Kenneth A. Couch, Mary C. Daly, and Julie M. Zissimopoulos

Print publication date: 2013

Print ISBN-13: 9780804785853

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804785853.001.0001

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The Effect of Job Displacement on Cumulated Years Worked

The Effect of Job Displacement on Cumulated Years Worked

(p.34) Chapter Three The Effect of Job Displacement on Cumulated Years Worked
Lifecycle Events and Their Consequences

Till von Wachter

Jae Song

Joyce Manchester

Stanford University Press

This chapter considers whether short-term losses experienced by displaced workers persist over time by impacting the cumulative years that the typical individual works. Using administrative records from the Social Security Administration, the analysis finds that workers released in mass layoffs experience significant reductions in work activity in later life. Such reductions will naturally result in sizeable decreases in available resources both during working years and in preparedness for retirement. The authors conclude that job displacement is an extraordinary event in terms of its cumulative effect on availability of resources for individuals.

Keywords:   job loss, displacement, labor supply, years of work

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