The Costs of Job Displacement over the Business Cycle and Its Sources: Evidence from Germany
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We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses and
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美国国家经济研究局创建时间：
2022-06-01
