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Industrial Dislocation And The Private Cost Of Labor Adjustment

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  • GRAHAM GLENDAY
  • GLENN F. JENKINS

Abstract

In recent years there has been increased attention paid to the issue of labor adjustment. This paper examines the cost of labor adjustment in dislocated industries. SpeciBcally, a model is developed and estimated that measures the cost of adjustment for laid-off workers in the Canadian textile industry between 1974 and 1976. These costs take the form of estimates of expected income loss. Comparisons are then made between this private cost of adjustment and the cost from trade restrictionsfor the affected industry. In general, the private cost of adjustment is low enough, relative to the cost of protection, to lead the authors to recommend a policy of compensating the displaced workers directly.
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  • Graham Glenday & Glenn F. Jenkins, 1984. "Industrial Dislocation And The Private Cost Of Labor Adjustment," Contemporary Economic Policy, Western Economic Association International, vol. 2(4), pages 23-36, January.
    • Handle: RePEc:bla:coecpo:v:2:y:1984:i:4:p:23-36
    DOI: 10.1111/j.1465-7287.1984.tb00765.x
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    References listed on IDEAS

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    1. William F. Barnes, 1975. "Job Search Models, the Duration of Unemployment, and the Asking Wage: Some Empirical Evidence," Journal of Human Resources, University of Wisconsin Press, vol. 10(2), pages 230240-2302.
    2. Jenkins, Glenn P & Montmarquette, Claude, 1979. "Estimating the Private and Social Opportunity Cost of Displaced Workers," The Review of Economics and Statistics, MIT Press, vol. 61(3), pages 342-353, August.
    3. J. David Richardson, 1980. "Trade Adjustment Assistance under the U.S. Trade Act of 1974: An Analytical Examination and Worker Survey," NBER Working Papers 0556, National Bureau of Economic Research, Inc.
    4. Bale, Malcolm D., 1977. "United States concessions in the Kennedy Round and short-run labour adjustment costs : Further evidence," Journal of International Economics, Elsevier, vol. 7(2), pages 145-148, May.
    5. Glenn P. Jenkins & Chun-Yan Kuo, 1978. "On Measuring the Social Opportunity Cost of Permanent and Temporary Employment," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 220-239, May.
    6. Robert S. Smith, 1979. "Compensating Wage Differentials and Public Policy: A Review," ILR Review, Cornell University, ILR School, vol. 32(3), pages 339-352, April.
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    Cited by:

    1. Glenn Jenkins, 1985. "Options For Dealing With Declining Industries," Development Discussion Papers 1985-01, JDI Executive Programs.
    2. Glismann, Hans H. & Spinanger, Dean, 1984. "Clothing the world efficiently: The MFA and consumers," Kiel Working Papers 208, Kiel Institute for the World Economy.
    3. Jenkins, Glenn & Kuo, Chun-Yan & Ozbafli, Aygul, 2007. "Cost-Benefit Analysis Case Study on Regulations to Lower the Level of Sulphur in Gasoline," Queen's Economics Department Working Papers 273610, Queen's University - Department of Economics.
    4. Daniel S. Hamermesh, 1987. "The Costs of Worker Displacement," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(1), pages 51-75.

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