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Job Displacement Penalties in Japan

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Author Info

  • Bognanno, Michael L.

    ()
    (Temple University)

  • Delgado, Lisa

    ()
    (Temple University)

Abstract

The costs of job displacement are examined on a sample of Japanese workers successfully provided job placement services from 2000 to 2003, a period of economic stagnation and structural change in Japan. We find that displaced workers suffer a loss of approximately $1,100 for each additional year of age. Workers also incur a large penalty when they change industries after being displaced. The age-earnings loss relationship is consistent with the operation of a delayed compensation scheme in large firms.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1650.

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Length: 38 pages
Date of creation: Jul 2005
Date of revision:
Publication status: published in: Research in Labor Economics, 2008, 28, 225-250
Handle: RePEc:iza:izadps:dp1650

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Related research

Keywords: job displacement cost; Japan;

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References

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  1. Robert L. Clark & Naohiro Ogawa, 1992. "The effect of mandatory retirement on earnings profiles in Japan," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 45(2), pages 258-266, January.
  2. Robert Gibbons & Lawrence Katz, 1989. "Layoffs and Lemons," NBER Working Papers 2968, National Bureau of Economic Research, Inc.
  3. Louis S. Jacobson & Robert J. LaLonde & Daniel G. Sullivan, 1992. "Earnings losses of displaced workers," Working Paper Series, Macroeconomic Issues 92-28, Federal Reserve Bank of Chicago.
  4. Kato, Takao, 2001. "The End of Lifetime Employment in Japan?: Evidence from National Surveys and Field Research," Journal of the Japanese and International Economies, Elsevier, vol. 15(4), pages 489-514, December.
  5. Bruce C. Fallick, 1995. "A review of the recent empirical literature on displaced workers," Finance and Economics Discussion Series 95-14, Board of Governors of the Federal Reserve System (U.S.).
  6. Fujiki, Hiroshi & Nakada, Sachiko-Kuroda & Tachibanaki, Toshiaki, 2001. "Structural Issues in the Japanese Labor Market: An Era of Variety, Equity, and Efficiency or an Era of Bipolarization?," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(S1), pages 177-208, February.
  7. Topel, Robert, 1993. "What Have We Learned from Empirical Studies of Unemployment and Turnover?," American Economic Review, American Economic Association, vol. 83(2), pages 110-15, May.
  8. Michael Podgursky & Paul Swaim, 1987. "Job displacement and earnings loss: Evidence from the Displaced Worker Survey," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 41(1), pages 17-29, October.
  9. Hutchens, Robert M, 1987. "A Test of Lazear's Theory of Delayed Payment Contracts," Journal of Labor Economics, University of Chicago Press, vol. 5(4), pages S153-70, October.
  10. Ruhm, Christopher J, 1991. "Displacement Induced Joblessness," The Review of Economics and Statistics, MIT Press, vol. 73(3), pages 517-22, August.
  11. Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
  12. Daniel S. Hamermesh, 1987. "What Do We Know About Worker Displacement in the U.S.?," NBER Working Papers 2402, National Bureau of Economic Research, Inc.
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Cited by:
  1. Michael Bognanno & Ryo Kambayashi, 2007. "Trends in Worker Displacement Penalties in Japan: 1991-2005," Hi-Stat Discussion Paper Series d07-218, Institute of Economic Research, Hitotsubashi University.

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