Late Life Job Displacement

1998/02/01 by K. A. Couch · 12 citations
Health Professions · Psychology · Social Sciences · #Demographic economics #Displaced workers #Displacement (psychology) #Earnings #Economic growth #Economics #Employment and Welfare Studies #Global Health Care Issues #Health care #Health insurance #Job loss #Labour economics #Pension #Psychology #Retirement, Disability, and Employment #Unemployment

paper · pdf · doi:10.1093/geront/38.1.7

openalex publication_date 1998/02/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29

Abstract

Data from the 1992 wave of the Health and Retirement Study are used to examine the incidence of job displacement among workers ages 51 through 60. The average displaced worker experiences a loss in earnings of 39%. Households which contain a displaced worker have incomes 24% lower than the household of an average worker. Little of these lost earnings are replaced through pension income. The rate of health insurance coverage is 16% lower among displaced workers. As with other labor market outcomes, non-Whites on average are the most economically vulnerable following displacement.

Cited by

• Involuntary job loss as a risk factor for subsequent myocardial infarction and stroke: findings from the Health and Retirement Survey. [europepmc]
• The effect of involuntary job loss on smoking intensity and relapse. [europepmc]
• The effect of recurrent involuntary job loss on the depressive symptoms of older US workers. [europepmc]
• The persistence of depressive symptoms in older workers who experience involuntary job loss: results from the health and retirement survey. [europepmc]
• Older Workers: Who are the working poor in the U.S.? [europepmc]
• Differential Impact of Involuntary Job Loss on Physical Disability Among Older Workers Does Predisposition Matter? [europepmc]
• Effects of Layoffs and Plant Closings on Depression Among Older Workers. [europepmc]
• Later-life Employment Preferences and Outcomes: The Role of Mid-life Work Experiences. [europepmc]
• Job Displacement and Social Participation over the Lifecourse: Findings for a Cohort of Joiners. [europepmc]
• Job loss and depression: the role of subjective expectations. [europepmc]
• The effect of job loss on overweight and drinking. [europepmc]
• Does Social Support Buffer the Effect of Financial Strain on the Trajectory of Smoking in Older Japanese? A 19-Year Longitudinal Study. [europepmc]

Related

• The Far-Reaching Impact of Job Loss and Unemployment
• Sources of Displaced Workers’ Long-Term Earnings Losses
• Heterogeneous Effects of Job Displacement on Earnings
• Earnings Losses and Unemployment of Displaced Workers in Germany
• Job Displacement and Earnings Losses: The Role of Joblessness