Speaker: Ana Figueiredo (Vrije Universiteit Amsterdam)
Hosted by: University of Liverpool Management School's Economics Group
Open to: Management School PhD students and academic staff, with no sign up needed
Date: Tuesday 11 June 2024
Time: 1:30-2.45pm
Place: MATH-211: Mathematical Sciences, Whittaker Room, room 211
Abstract
We study changes in job security after displacement and exploit eligibility rules for lump-sum payments to investigate the role of liquid wealth.
Within five years of job loss, the likelihood of being a permanent worker remains 12% lower for displaced workers.
Those eligible to a lump-sum transfer experience a significantly smaller negative shock to job security.
This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as an important mechanism linking unemployment and job security.
We estimate that losses in job security explain 21% of the wage cost associated with job displacement.
Speaker
Ana Figueiredo is an assistant professor at the department of Economics of the Vrije Universiteit Amsterdam.
Before joining the VU she was an assistant professor at the Erasmus School of Economics in Rotterdam.
She holds a PhD in Economics from the Universitat Pompeu Fabra (2018).
Her research interests centres on Labor, Macro and Information Frictions.
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