From: Labour market effects of job displacement for prime-age and older workers
Longer tenure | Declining local labour market | Sector change | |||||||
---|---|---|---|---|---|---|---|---|---|
Older age (45–54) | Prime age (35–44) | Difference | Older age (45–54) | Prime age (35–44) | Difference | Older age (45–54) | Prime age (35-44) | Difference | |
Panel A: employment | |||||||||
Year 1 | − 0.0903∗∗∗ | − 0.0460∗∗∗ | − 0.0443∗∗∗ | − 0.0849∗∗∗ | − 0.0197∗∗∗ | − 0.0653∗∗∗ | |||
(0.0108) | (0.0091) | (0.0141) | (0.0104) | (0.0072) | (0.0125) | ||||
Year 2 | − 0.0452∗∗∗ | 0.0159* | − 0.0611∗∗∗ | − 0.0519∗∗∗ | − 0.0035 | − 0.0484∗∗∗ | |||
(0.0117) | (0.0090) | (0.0148) | (0.0111) | (0.0073) | (0.0131) | ||||
Year 3 | − 0.0292** | 0.0333 ∗∗∗ | − 0.0625∗∗∗ | − 0.0414∗∗∗ | − 0.0025 | − 0.0389∗∗∗ | |||
(0.0131) | (0.0100) | (0.0165) | (0.0126) | (0.0081) | (0.0148) | ||||
Year 4 | − 0.0127 | 0.0312 ∗∗∗ | − 0.0439** | − 0.0182 | 0.0165* | − 0.0347** | |||
(0.0148) | (0.0112) | (0.0186) | (0.0143) | (0.0091) | (0.0168) | ||||
Year 5 | − 0.0050 | 0.0259** | − 0.0310 | 0.0072 | 0.0363 ∗∗∗ | − 0.0291 | |||
(0.0159) | (0.0124) | (0.0201) | (0.0152) | (0.0098) | (0.0180) | ||||
Year 6 | − 0.0060 | 0.0287* | − 0.0347 | − 0.0061 | 0.0414 ∗∗∗ | − 0.0475** | |||
(0.0212) | (0.0155) | (0.0263) | (0.0193) | (0.0119) | (0.0226) | ||||
N | 4,657,804 | 4,657,804 | 4,657,804 | 4,570,243 | 4,570,243 | 4,570,243 | |||
Panel B: relative wages | |||||||||
Year 1 | − 0.0442*** | − 0.0461∗∗∗ | 0.0019 | − 0.0145** | − 0.0152∗∗∗ | 0.0007 | − 0.0416∗∗∗ | − 0.0218∗∗∗ | − 0.0198∗∗∗ |
(0.0063) | (0.0054) | (0.0083) | (0.0069) | (0.0051) | (0.0085) | (0.0061) | (0.0041) | (0.0073) | |
Year 2 | − 0.0488∗∗∗ | − 0.0617∗∗∗ | 0.0129 | − 0.0297∗∗∗ | − 0.0277∗∗∗ | − 0.0020 | − 0.0612∗∗∗ | − 0.0302∗∗∗ | − 0.0310∗∗∗ |
(0.0071) | (0.0061) | (0.0093) | (0.0078) | (0.0057) | (0.0096) | (0.0066) | (0.0044) | (0.0079) | |
Year 3 | − 0.0621∗∗∗ | − 0.0644∗∗∗ | 0.0023 | − 0.0262∗∗∗ | − 0.0279∗∗∗ | 0.0017 | − 0.0514∗∗∗ | − 0.0284∗∗∗ | − 0.0231** |
(0.0082) | (0.0069) | (0.0107) | (0.0092) | (0.0065) | (0.0112) | (0.0075) | (0.0052) | (0.0091) | |
Year 4 | − 0.0539∗∗∗ | − 0.0587∗∗∗ | 0.0048 | − 0.0224** | − 0.0269∗∗∗ | 0.0045 | − 0.0555∗∗∗ | − 0.0309∗∗∗ | − 0.0246** |
(0.0092) | (0.0081) | (0.0122) | (0.0102) | (0.0074) | (0.0125) | (0.0084) | (0.0061) | (0.0104) | |
Year 5 | − 0.0595∗∗∗ | − 0.0666∗∗∗ | 0.0070 | − 0.0224** | − 0.0302∗∗∗ | 0.0078 | − 0.0459∗∗∗ | − 0.0304∗∗∗ | − 0.0155 |
(0.0103) | (0.0087) | (0.0135) | (0.0112) | (0.0081) | (0.0137) | (0.0097) | (0.0070) | (0.0120) | |
Year 6 | − 0.0663∗∗∗ | − 0.0618∗∗∗ | − 0.0045 | − 0.0201 | − 0.0332∗∗∗ | 0.0132 | − 0.0523∗∗∗ | − 0.0335∗∗∗ | − 0.0188 |
(0.0129) | (0.0116) | (0.0173) | (0.0140) | (0.0100) | (0.0171) | (0.0124) | (0.0092) | (0.0154) | |
N | 4,100,016 | 4,100,016 | 4,100,016 | 4,021,619 | 4,021,619 | 4,021,619 | 3,862,523 | 3,862,523 | 3,862,523 |