Industrial Dislocation and the Private Cost Of Labor Adjustment

Graham Glenday Author-Workplace- Duke Center for International Development(DCID) Sanford School of Public Policy, Duke University, Durham, North Carolina, U.S. () and Glenn Jenkins ()

No 1984-05, Development Discussion Papers from JDI Executive Programs

Abstract: In recent years there has been increased attention paid to the issue of labor adjustment. This paper examines the cost of labor adjustment in dislocated industries. SpeciBcally, a model is developed and estimated that measures the cost of adjustment for laid-off workers in the Canadian textile industry between 1974 and 1976. These costs take the form of estimates of expected income loss. Comparisons are then made between this private cost of adjustment and the cost from trade restrictionsfor the affected industry. In general, the private cost of adjustment is low enough, relative to the cost of protection, to lead the authors to recommend a policy of compensating the displaced workers directly.

Keywords: Labor adjustment; Private Cost; industry; Canada (search for similar items in EconPapers)
Pages: 15 pages
Date: 1984-05
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: INDUSTRIAL DISLOCATION AND THE PRIVATE COST OF LABOR ADJUSTMENT (1984)
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:5507

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