Abstract: Paper No. 6
Late Life Job Displacement
Kenneth A. Couch
Abstract: Job displacement is examined among Americans aged 51 to 61 using the 1992 interview of the Health and Retirement Survey (HRS). Among workers displaced between 1990 and their 1992 HRS interview, 40 percent were not currently employed. The median worker displaced in 1990 saw their income fall from $23,200 on their prior job to $12,000 the following year. The overall rate of health insurance coverage among displaced workers is 60 percent relative to 80 percent for all workers. Median net worth is also lower for displaced workers ($75,900) relative to current workers ($108,500). These figures understate the impact among minorities.
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