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Journal Article

Is unemployment really scarring? Effects of unemployment experiences on wages

Authors

Publication date

2001

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 in 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.

Published in

Economic Journal

Volume

111 (475):585-606

Subjects

Unemployment and Wages And Earnings

Links

http://serlib0.essex.ac.uk/search/sECONOMIC+JOURNAL/seconomic+journal/1%2C2%2C3%2CB/exact&FF=seconomic+journal&1%2C2%2C/indexsort=-

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#508609


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