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Industrial Dislocation and the Private Cost Of Labor Adjustment

Author

Listed:
  • Graham Glenday

  • Glenn P. Jenkins

    (Department of Economics, Queen's University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

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.

Suggested Citation

  • Graham Glenday & Glenn P. Jenkins, 1984. "Industrial Dislocation and the Private Cost Of Labor Adjustment," Development Discussion Papers 1984-05, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:5507
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    Cited by:

    1. 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.
    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 (IfW Kiel).
    3. Glenn Jenkins, 1985. "Options For Dealing With Declining Industries," Development Discussion Papers 1985-01, JDI Executive Programs.
    4. 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.

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