Is unemployment really scarring? Effects of unemployment experiences on wages
UNSPECIFIED. (2001) Is unemployment really scarring? Effects of unemployment experiences on wages. ECONOMIC JOURNAL, 111 (475). F585-F606. ISSN 0013-0133Full text not available from this repository.
Joblessness leaves permanent scars on individuals. They not only lose income during periods of joblessness they are also further scarred by these experiences when they find employment. A spell of unemployment is found to carry a wage penalty of about 6% on re-entry in Britain, and after three years, they are earning 14% less compared to what they would have received the absence of unemployment. The scars are also carried into their second employment spell. The first spell of joblessness is found to cause the most damage. Redundancy seems to be less stigmatising.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||ECONOMIC JOURNAL|
|Publisher:||BLACKWELL PUBL LTD|
|Official Date:||November 2001|
|Number of Pages:||22|
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