Journal Article10.1086/298388
Industry-Specific Human Capital: Evidence from Displaced Workers
TL;DR: This article found that the wage cost of switching industries following displacement is strongly correlated with predisplacement measures of both work experience and tenure, and that displaced workers apparently receive compensation for some skills that are neither completely general nor firm-specific but rather specific to their industry or line of work.
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Abstract: Results from the Displaced Worker Surveys show that the wage cost of switching industries following displacement is strongly correlated with predisplacement measures of both work experience and tenure. Workers apparently receive compensation for some skills that are neither completely general nor firm-specific but rather specific to their industry or line of work. Further, among displaced workers who find new jobs in their predisplacement industry, postdisplacement returns to predisplacement job tenure resemble cross-section estimates of the returns to current seniority. This suggests that firm-specific factors may contribute little to the observed slope of wage tenure profiles.
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References
The Industrial Mobility of Displaced Workers
TL;DR: This article used a two-industry model of unemployment duration and job search to estimate rates of transition of displaced workers from unemployment to employment, distinguishing between employment in a worker's previous industry and in other industries.
Wage losses for displaced workers
TL;DR: In this article, the authors show that the relatively high wage losses of high experience displaced workers are primarily due to their heightened sensitivity to downturns in their state, industry, and occupation.
Interindustry Variation in the Costs of Job Displacement
TL;DR: The authors show that the mean reduction, the tenure profile, and the experience profile of reductions all vary substantially across industries, and link this inter-industry variation to analogous variation in firm size, unionization, wage levels and the incidence of employer-provided training.