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- Title
The Importance of Temporary Layoffs: An Empirical Analysis.
- Authors
Feldstein, Martin S.
- Abstract
This article discusses the importance of temporary layoffs in the total unemployment scenario in the U.S. This paper offers a range of new empirical information on temporary layoffs that can provide a foundation for future analytic and econometric research. The evidence is based on the analysis of unpublished data from the U.S. Manpower Administration's National Longitudinal Survey of work experience of older men, from the Current Population Survey of March 1974, and from special monthly tabulations of job seeking since 1970 made by the U.S. Bureau of Labor Statistics. However, looking for work is not the only criterion of unemployment. An individual who has a new job that he is planning to start within thirty days is classified as unemployed even if he has not looked for work within the past four weeks. Far more important, those who are on layoff from a job are counted as unemployed. Individuals with a job but on layoff are classified into two groups. Someone with a definite date of expected recall within thirty days is classified as on temporary layoff while all others are classified as on indefinite layoff. The term layoff is also used by the Bureau of Labor Statistics somewhat differently in describing manufacturing turnover on the basis of data reported by establishments rather than households. In that context, layoffs are defined as suspensions without pay lasting or expected to last more than 7 consecutive calendar days, initiated by the employer without prejudice to the worker. This definition of layoffs includes permanent separations as well as temporary layoffs, but excludes discharges for cause and compulsory retirements as well as separations initiated by the workers.
- Subjects
UNITED States; LAYOFFS; DOWNSIZING of organizations; DISMISSAL of employees; UNEMPLOYMENT; STATISTICS on the working class; ECONOMETRICS; LABOR economics
- Publication
Brookings Papers on Economic Activity, 1975, Issue 3, p725
- ISSN
0007-2303
- Publication type
Article
- DOI
10.2307/2534152