Couch, Kenneth A.; Jolly, Nicholas A.; Placzek, Dana W. - In: Economics Letters 111 (2011) 1, pp. 16-19
This paper examines the earnings losses of displaced workers over the business cycle. Long-term earnings losses for these workers during a recessionary period are 1.7 to 3.9 times larger than for those observed during a period of economic growth.
