Research Spotlight: Skill Mismatch, Layoffs, and Bouncing Back

Brooke Hansbrough
Additional contact information
Brooke Hansbrough: https://www.richmondfed.org/research/people/hansbrough

Econ Focus, 2024, vol. 24, issue 3Q, 27

Abstract: Being laid off from one's job often leads to worse future employment outcomes. The underlying reasons for this are unclear, however. Recent research by Richmond Fed Economist Claudia Macaluso has found that mismatch between a laid-off worker's skills and the skills involved in other local jobs plays a significant role. She created a novel measurement of "local skill remoteness" and used it to compare the effects of layoffs from jobs with varying levels of this skill remoteness on a worker's wages, future employment, and migration.

Keywords: human capital; human capital and labor (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.richmondfed.org/-/media/RichmondFedOrg ... light_Hansbrough.pdf Journal Article (application/pdf)

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:fip:fedrrf:98459

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Econ Focus from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().