(noun) Causes and consequences of population characteristics, in blog form
Tuesday, August 4, 2009
Recessions and shocks to wages
My friend Till von Wachter is quoted discussing his research on the long-term effects of mass layoffs on earnings in this NYT article. Scary stuff indeed. If you manage to avoid getting laid off by leaving work voluntarily, which is something high-education, high-earnings workers might be able to do, would the shock be less persistent perhaps?