Schmieder, Johannes F.; Wachter, Till von; Bender, Stefan - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2010
"We show that workers displaced from their stable jobs during mass-layoffs in 1982 recession in Germany suffered permanent earnings losses of 10-15% lasting at least 15 years. These estimates are obtained using data and methodology comparable to similar studies for the United States. Exploiting...
