Job Displacement Penalties in Japan

Michael L. Bognanno and Lisa Delgado
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Lisa Delgado: Temple University

No 1650, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: The costs of job displacement are examined on a sample of Japanese workers successfully provided job placement services from 2000 to 2003, a period of economic stagnation and structural change in Japan. We find that displaced workers suffer a loss of approximately $1,100 for each additional year of age. Workers also incur a large penalty when they change industries after being displaced. The age-earnings loss relationship is consistent with the operation of a delayed compensation scheme in large firms.

Keywords: job displacement cost; Japan (search for similar items in EconPapers)
JEL-codes: J31 J41 J63 J65 (search for similar items in EconPapers)
Date: 2005-07
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