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According to a 2006 analysis of the Displaced Workers Survey, "wage losses tend to increase with age ..., with those 50 and over losing about a third of their real wage as a result of displacement." (p. 9) In 2004 the average percentage decrease in real weekly earnings for workers who were displaced and then re-employed was 13.4% for ages 25-29, 16.3% for ages 30-34, 14.4% for ages 35-39, 30.7% for ages 40-44, 28.4% for ages 45-49, 37.2% for ages 50-54, 22.7% for ages 55-59, and 31.1% for ages 60-64. The only age group with an increase in income upon re-employment was 20-24, with an increase of 1.2%. (Table 4, p. 24)
Munnell, A. H., Sass, S., Soto, M., & Zhivan, N. (2006). Has the displacement of older workers increased? (Working Paper No. 17). Chestnut Hill, MA: Center for Retirement Research at Boston College. Retrieved from http://crr.bc.edu/images/stories/Working_Papers/wp_2006-17.pdf
This paper "explores the relationship between job loss and age over the period 1984-2004 using the biennial Displaced Worker Supplement to the Current Population Survey...The survey attempts to measure the incidence of job loss due to a shift in labor demand by asking workers whether they have been displaced for one of the following reasons: 1. their plant or company closed down or moved; 2. their company had insufficient work; 3. their position or shift was abolished; 4. a seasonal job was completed; 5. a self-operated business failed; 6. other reason."
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140 Commonwealth Avenue - McGuinn, 6th Floor - Chestnut Hill, MA 02467
Email: age.work@bc.edu - Phone: 617.552.9195 - Fax: 617.552.9202
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