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Is unemployment really scarring? Effects of unemployment experiences on wages

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UNSPECIFIED (2001) Is unemployment really scarring? Effects of unemployment experiences on wages. ECONOMIC JOURNAL, 111 (475). F585-F606.

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Abstract

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
ISSN: 0013-0133
Official Date: November 2001
Dates:
DateEvent
November 2001UNSPECIFIED
Volume: 111
Number: 475
Number of Pages: 22
Page Range: F585-F606
Publication Status: Published

Data sourced from Thomson Reuters' Web of Knowledge

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