Job Loss in the Great Recession: Historial Perspective from the Displaced Workers Survey, 1984-2010

Henry Farber
Additional contact information
Henry Farber: Princeton University, NBER, IZA

No 1309, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.

Abstract: The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering. The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long. I use data from the Displaced Workers Survey (DWS) from 1984-2010 to investigate the incidence and consequences of job loss from 1981-2009. In particular, the January 2010 DWS, which captures job loss during the 2007-2009 period, provides a window through which to examine the experience of job losers in the Great Recession and to compare their experience to that of earlier job losers. These data show a record high rate of job loss, with almost one in six workers reporting having lost a job in the 2007-2009 period. The consequences of job loss are also very serious dur- ing this period with very low rates of reemployment, difficulty finding full-time employment, and substantial earnings losses.

Keywords: Labor market; unemployment rate; Displaced Workers Survey; reemployment; employment; substantial earnings losses (search for similar items in EconPapers)
JEL-codes: E24 J00 J20 J21 (search for similar items in EconPapers)
Date: 2011-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (91)

Downloads: (external link)
https://dataspace.princeton.edu/bitstream/88435/dsp01kw52j8087/1/564.pdf
Our link check indicates that this URL is bad, the error code is: 500 Internal Server Error

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pri:indrel:564

Access Statistics for this paper

More papers in Working Papers from Princeton University, Department of Economics, Industrial Relations Section. Contact information at EDIRC.
Bibliographic data for series maintained by Bobray Bordelon ().