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Unemployment and re-employment of displaced workers

Author

Listed:
  • Greg Murtough

    (Productivity Commission)

  • Matthew Waite

    (Productivity Commission)

Abstract

Examines the incidence and adjustment experiences of workers who are displaced by economic change. Since the mid-1970s, the aggregate annual rate of retrenchment has fluctuated in a counter-cyclical pattern around a relatively stable long-term trend of about 5 per cent. The paper shows that the probability of retrenchment and the nature of post-retrenchment adjustment varies between different groups of workers and depends on general economic conditions.

Suggested Citation

  • Greg Murtough & Matthew Waite, 2001. "Unemployment and re-employment of displaced workers," Labor and Demography 0105004, EconWPA.
  • Handle: RePEc:wpa:wuwpla:0105004
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    File URL: http://econwpa.repec.org/eps/lab/papers/0105/0105004.pdf
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    References listed on IDEAS

    as
    1. Topel, Robert H, 1991. "Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority," Journal of Political Economy, University of Chicago Press, vol. 99(1), pages 145-176, February.
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