In the right place at the wrong time
Subtitle: the role of firms and luck in young workers' careers
By: by Till von Wachter, Stefan Bender.
Contributors: Bender, Stefan.
Series: Discussion paper ;; no. 1348; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1348
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Labor turnover -- Germany.; Wages -- Germany.; Youth -- Employment -- Germany.
Description: "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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 4/18/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.