Occupational human capital and earnings losses of displaced workers: does the degree of similarity between pre- and post-displacement occupations matter?

Journal for Labour Market Research

Table 5 The earnings losses regression for the full sample

	Dependent variable: difference in log of real weekly earnings ($2010; OLS)
Independent variable	(1)	(2)	(3)	(4)
Same occupation (0/1)	0.105			− 0.004
	(6.28)			(− 0.09)
Same industry (0/1)	0.083	0.064	0.072	0.072
	(4.73)	(3.62)	(4.03)	(4.06)
Transferability*100		0.0036	0.0093	0.0091
		(9.37)	(3.12)	(2.21)
Transferability²			− 0.00004	− 0.00004
			(− 1.99)	(− 1.19)
Firm tenure (at the lost job)	− 0.008	− 0.008	− 0.008	− 0.008
	(− 5.08)	(− 4.91)	(− 4.91)	(− 4.91)
Union status (at the lost job, 0/1)	− 0.121	− 0.122	− 0.123	− 0.123
	(− 3.64)	(− 3.69)	(− 3.70)	(− 3.70)
Advanced notice (0/1)	0.014	0.011	0.010	0.010
	(0.84)	(0.62)	(0.60)	(0.60)
Health insurance (at the lost job, 0/1)	− 0.001	− 0.004	− 0.003	− 0.003
	(− 0.07)	(− 0.20)	(− 0.15)	(− 0.15)
UI benefit (0/1)	− 0.043	− 0.045	− 0.045	− 0.045
	(− 2.43)	(− 2.51)	(− 2.53)	(− 2.53)
UI ended (0/1)	− 0.194	− 0.186	− 0.185	− 0.185
	(− 6.64)	(− 6.38)	(− 6.36)	(− 6.36)
State unemployment	0.000	0.000	0.000	0.000
	(− 0.05)	(− 0.05)	(− 0.03)	(− 0.03)
Full-time job (at the lost job, 0/1)	− 0.313	− 0.314	− 0.315	− 0.315
	(− 9.08)	(− 9.10)	(− 9.12)	(− 9.12)
Age	0.015	0.014	0.015	0.015
	(2.54)	(2.47)	(2.49)	(2.49)
Age²	− 0.0002	− 0.0002	− 0.0002	− 0.0002
	(− 3.02)	(− 2.97)	(− 2.98)	(− 2.98)
Female	− 0.089	− 0.092	− 0.094	− 0.094
	(− 4.35)	(− 4.51)	(− 4.58)	(− 4.58)
N	6827	6827	6827	6827
Adj. R ²	0.0778	0.0845	0.0850	0.0849

t-Statistics are in the parentheses. Not included as independent variables are 10 major occupation dummies, 10 major industry dummies, marital status, US citizen dummy, race dummies (i.e., black, white, Hispanic), dummy of geographic moves, unemployment rate at year of survey across state, year of displacement, and four education levels