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A Distributional Analysis of Earnings Losses of Displaced Workers in an Economic Depression and Recovery

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  • Ossi korkeamäki
  • Tomi kyyrä

Abstract

type="main" xml:id="obes12028-abs-0001"> We study the earnings losses of Finnish private sector workers who lost their jobs at two very different points in the business cycle. The first group wdisplad in 1992 (depression period) and the second one in 1997 (recovery period). The focal point of the analysis is the quantile displacement effect, the change in the earnings distribution due to involuntary job separation. We use mass layoffs and plant closures to identify groups of workers who were displaced from exogenous causes. The effect of displacement is strongest at the lower end of the earnings distribution and small or negligible at the upper end. Workers displaced during the depression period are subject to much larger earnings losses.

Suggested Citation

  • Ossi korkeamäki & Tomi kyyrä, 2014. "A Distributional Analysis of Earnings Losses of Displaced Workers in an Economic Depression and Recovery," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(4), pages 565-588, August.
    • Handle: RePEc:bla:obuest:v:76:y:2014:i:4:p:565-588
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    File URL: http://hdl.handle.net/10.1111/obes.2014.76.issue-4
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    Cited by:

    1. Mangyo, Eiji & Haapanen, Mika & Böckerman, Petri, 2024. "Born under the Bad Sign: Intergenerational Effects of the Finnish Great Depression of the Early 1990s," IZA Discussion Papers 16750, Institute of Labor Economics (IZA).
    2. Verho, Jouko, 2017. "Economic crises and unemployment persistence: Analysis of job losses during the Finnish 1990s recession," Working Papers 99, VATT Institute for Economic Research.

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