We use a new, matched worker-firm dataset for the United Kingdom to estimate the income loss resulting from firm closure and mass layoffs. We track workers for up to nine years after the displacement event, and the availability of predisplacement characteristics allows us to implement difference-in-differences estimators using propensity score…

This paper examines the impact of job loss on overall and cause-specific mortality. Using linked employer-employee data, we identified the workers displaced due to all establishment closures in Sweden in 1987 and 1988. Hence, we have extended the case study approach, which has dominated the plant closure literature. The overall mortality risk…

Responses of University of California system faculty to three waves of buyout incentives were used to test the hypothesis that 10% higher severance benefits result in 7-8% higher probability of quitting. Quitting probabilities proved difficult to forecast accurately, suggesting that buyouts are not superior to layoffs. (SK)

Responses from 3,561 workers (1994-1998) to the Survey of Economic Expectations showed that most perceived little or no risk of job loss. Expectation of loss decreased with age. Job insecurity tended to decrease with schooling. Job loss concern among blacks was nearly double that of whites. (SK)