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http://hdl.handle.net/10419/20618
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| Title: | | In the Right Place at the Wrong Time : The Role of Firms and Luck in Young Workers? Careers  |
| Authors: | | von Wachter, Till Bender, Stefan |
| Issue Date: | | 2004 |
| Series/Report no.: | | IZA Discussion paper series 1348 |
| Abstract: | | We exploit administrative data on young German workers and their employers to study the long-term effects of an early job loss. To account for non-random sorting of workers into firms with different turnover rates and for selective job mobility, we use changes over time in firm- and age-specific labor demand as an instrument for displacement. We find that wage losses of young job losers are initially 15% but fade to zero within five years. Only workers leaving very large establishments suffer persistent losses. A comparison of estimators implies that initial sorting, negative selection, and voluntary job mobility may have biased previous U.S. studies finding permanent effects of early displacements. |
| Subjects: | | job displacement job search initial assigment adverse selection |
| JEL: | | J65 J63 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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