理解经济衰退的伤疤效应

IF 10.5 1区 经济学 Q1 ECONOMICS American Economic Review Pub Date : 2022-04-01 DOI:10.1257/aer.20160449
C. Huckfeldt
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引用次数: 55

摘要

本文证明,失业的收入成本集中在那些在低技能职业中找到再就业的工人身上,而在经济衰退期间失业的工人,这种职业转移的成本和发生率更高。我提出了一个模型,在这个模型中,在经济衰退期间,招聘在内在上更具选择性,导致一些失业工人在低技能工作中寻找最佳的再就业机会。该模型考虑了对失业的现值成本的规模和周期性的现有估计,以及在经济衰退期间进入劳动力市场的成本。(jel e24, e32, j23, j24, j31, j63, j64)
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Understanding the Scarring Effect of Recessions
This paper documents that the earnings cost of job loss is concentrated among workers who find reemployment in lower-skill occupations, and that the cost and incidence of such occupation displacement is higher for workers who lose their job during a recession. I propose a model where hiring is endogenously more selective during recessions, leading some unemployed workers to optimally search for reemployment in lower-skill jobs. The model accounts for existing estimates of the size and cyclicality of the present value cost of job loss, and the cost of entering the labor market during a recession. (JEL E24, E32, J23, J24, J31, J63, J64)
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来源期刊
CiteScore
18.60
自引率
2.80%
发文量
122
期刊介绍: The American Economic Review (AER) stands as a prestigious general-interest economics journal. Founded in 1911, it holds the distinction of being one of the nation's oldest and most esteemed scholarly journals in economics. With a commitment to academic excellence, the AER releases 12 issues annually, featuring articles that span a wide spectrum of economic topics.
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