Job displacement penalties in Japan
By: by Michael Bognanno, Lisa Delgado.
Contributors: Delgado, Lisa.
Series: Discussion paper ;; no. 1650; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1650
Publisher: IZA
Published: 2005
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Displaced workers -- Japan.
Description: "The costs of job displacement are examined on a sample of Japanese workers successfully provided job placement services from 2000 to 2003, a period of economic stagnation and structural change in Japan. We find that displaced workers suffer a loss of approximately $1,100 for each additional year of age. Workers also incur a large penalty when they change industries after being displaced. The age-earnings loss relationship is consistent with the operation of a delayed compensation scheme in large firms"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Includes bibliographical references.
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