Don't Look Down: The Consequences of Job Loss in a Flexible Labour Market
研究了1991至2007年英国工人失业后收入、工时和收入的长期影响，发现收入下降主要源于月薪减少，而非就业率降低，且福利补偿不足，影响与美国类似。
We estimate the earnings, hours and income effects of job loss for a representative sample of UK workers from 1991 to 2007. We follow workers before and after job loss, regardless of their labour market state, and we match displaced workers with similar non‐displaced workers. This provides a more comprehensive picture of the effect of job loss in the UK than previously available. Job loss causes a long‐run reduction in income that is due mainly to reductions in monthly pay rather than in employment propensity. Income from other labour market states and from welfare payments does little to compensate for income losses. This lack of a ‘safety net’ means that job loss in the UK has a similar impact to job loss in the USA.