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In a 2005 report on an analysis of Displaced Worker Survey data, the authors found that "otherwise comparable workers with 20 years of tenure tend to find jobs that pay, on average, between 20 percent and 40 percent less than their old job." (p. 48)
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 refer to their prior analysis of data from the biennial Displaced Workers Survey, which is part of the Census Bureau's Current Population Survey.
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