The frequency of job loss among workers in late career has risen disproportionately in recent years. The effects of job loss on these workers are potentially severe: their earnings capacity, savings, and retirement expectations are likely to be dramatically affected and they may take...

This paper uses data from the Health and Retirement Study to examine the employment and retirement behavior of men aged fifty and above who have experienced an involuntary job loss. Hazard models for returning to work and for exiting post-displacement employment are estimated and used to examine...

This paper investigates the persistence of poverty over individuals' life-times using a hazard rate approach that accounts for multiple spells of poverty and incorporates spell duration, individual and household characteristics, and unobserved heterogeneity. The findings highlight the importance...

This paper examines the contribution of job loss or displacement to increasing male earnings instability between 1970 and 1991. Earnings instability increased among both displaced and not-displaced men, so changes associated with job loss cannot fully explain rising instability. Changes in the...

This study considers whether there has been a decline in the attachment of workers and firms in the United States over the past several decades. Specifically, it compares snapshots of job tenure taken at the end of workers' careers from 1969 to 2002, using data from the Retirement History...

This paper investigates the responsiveness of individuals' retirement expectations to forward-looking measures of pension wealth accumulations. While most of the existing literature on retirement has used cross-sectional variation to identify the effects of pension and Social Security wealth on...

Despite the many reasons to expect sluggish wage adjustment, recent evidence suggests that real wages are quite procyclical (growing more rapidly during economic expansions than during recessions) and that this wage procyclicality pertains even to workers who stay with the same employer. One...