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Understanding the Outcomes of Older Job Losers

Author

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  • Matthew Brzozowski
  • Thomas F. Crossley

Abstract

We use an unusually rich Canadian survey to examine how post-job-loss behaviour and outcomes vary with age of the job loser. We find that older job losers experience greater postdisplacement joblessness, and are less likely to return quickly to satisfactory employment. We show that this apparent age effect is not a job tenure effect or wealth effect. We also find that older job losers, compared to mid-career job losers, are as likely to report searching for work, but that they search less intensely (reporting fewer hours of search, and lower out of pocket expenditures on search). They are also less likely to retrain, less likely to undertake a geographic move, and less likely to switch occupations. Thus, the data suggest older job losers are less likely to make career investments after job loss. This may be a rational response to a shorter time horizon, or to more limited labour market opportunities.

Suggested Citation

  • Matthew Brzozowski & Thomas F. Crossley, 2010. "Understanding the Outcomes of Older Job Losers," Social and Economic Dimensions of an Aging Population Research Papers 264, McMaster University.
  • Handle: RePEc:mcm:sedapp:264
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    File URL: http://socserv.mcmaster.ca/sedap/p/sedap264.pdf
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    References listed on IDEAS

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    1. Hugo Benítez-Silva & Moshe Buchinsky & Hiu Man Chan & Sofia Cheidvasser & John Rust, 2004. "How large is the bias in self-reported disability?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(6), pages 649-670.
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    More about this item

    Keywords

    job loss; job search; older workers;

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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