After Redundancy--Labour Market Adjustment and Hysteresis Effects: Evidence from the Steel Industry

D R Jones

Oxford Bulletin of Economics and Statistics, 1989, vol. 51, issue 3, 259-75

Abstract: This paper examines the labor market outcomes of men made redundant from the steel industry during 1980 and 1981, over a time-scale not normally considered in this type of research. The rate at which individuals return to employment immediately after a redundancy favors particular groups--findings not consistent with previous studies. However, the overall degree of recovery is much lower in recent years and there are signs that many experience protracted spells out of work. Examining the labor market several years after redundancy, more than a trace of the event remains. A high proportion are discovered to have experienced continuous unemployment. Moreover, there are indications that this allocation of unemployment may have been conditioned by experience early on. Copyright 1989 by Blackwell Publishing Ltd

Date: 1989
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