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Based on a 2005 analysis of data from the Displaced Workers Survey, "one academic year of community college retraining raises older males' earnings--those 35 or older--by about 7 percent and older females' earnings by about 10 percent." ...If the coursework included quantitative vocational or academic subject areas, "such retraining increased the long-term quarterly earnings of older male displaced workers by about 10 percent. Among women, the gains were larger." (p. 59)
Jacobson, L. S., LaLonde, R., & Sullivan, D. (2005). Is retraining displaced workers a good investment? Federal Reserve Bank of Chicago Economic Perspectives, 29(2), 47-66. Retrieved from http://www.chicagofed.org/publications/economicperspectives/ep_2qtr2005_part5_jacobson_lalonde_sullivan.pdf
This article examines the consequences of worker dislocation and the potential of retraining policy to ameliorate these effects. Authors analyzed data from the Displaced Workers Survey (DWS), which is part of the Census Bureau's Current Population Survey.
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