"The Lifetime Cost of Job Displacement"
Wednesday, February 5, 2014
Public Affairs 5391
Presented by Till von Wachter, University of California, Los Angeles, Economics
Discussant: Jennie E. Brand, University of California, Los Angeles, Sociology
About the Talk:
Major economic downturns bring large increases in permanent layoffs among workers with high prior tenure on the job. We refer to this type of job loss event as a displacement. Previous research shows that job displacements lead to large and persistent earnings losses for the affected workers. The available evidence also indicates that job displacement leads to less stability in earnings and employment, worse health outcomes, higher mortality, lower achievements by children, and other unwelcome consequences. This talk will explore a recent study by von Wachter and his colleagues.
About the Speakers:
Till von Wachter (Ph.D., Economics, UC Berkeley) is an associate professor of economics at University of California Los Angeles, a faculty research associate of the National Bureau of Economic Research, and a research associate for the Center for Economic Policy Research in London. His fields of interest include labor economics and the economics of aging. Currently, his work focuses on the short- and long-term effects of labor market conditions on worker outcomes, and their interactions with public programs such as unemployment insurance, SSDI, or OASI. Von Wachter has published several high-profile academic studies on the effect of job loss, unemployment insurance, and labor market conditions for young workers. Based on this work, Von Wachter has given several testimonies before the U.S. Congress, and is currently advising the U.S. Department of Labor on evaluating the effects job search assistance and the effects of extensions of unemployment insurance benefits. He has advised the United Nations (UN) and the International Monetary Fund (IMF) on the human cost of recessions, and the Organization for Economic Cooperation and Development (OECD) on the cost of job loss in the U.S. and Germany. Von Wachter's work was featured in numerous articles of the New York Times, the Washington Post, the Wall Street Journal, and has been covered extensively by public radio stations.
|Jennie E. Brand (Ph.D., University of Wisconsin - Madison) studies social inequality and its implications for various outcomes that indicate life chances. She is principally interested in the life trajectories of socioeconomically disadvantaged populations. Her research agenda encompasses three main areas: (1) access to and the impact of higher education; (2) the socioeconomic and social-psychological consequences of job displacement; and (3) causal inference and the application and innovation of quantitative methods for panel data.|
This event is presented by the Institute for Research on Labor and Employment (IRLE) and cosponsored by the Department of Economics and the California Center for Population Research (CCPR)