Garita, Jonathan; Pastrana, Guillermo; Slon, Pablo - In: Latin American journal of central banking : LAJCB 5 (2024) 2, pp. 1-17
This paper examines the effects of job loss on workers. Using detailed administrative data from Costa Rica, we use a … clustering algorithm to group workers into types based on their employment stability and job search efficiency. Our results show … that job displacement leads to persistent earning losses for workers, particularly during economic downturns such as the …