The Role of Specific and General Human Capital after Displacement

B. Kriechel*, G.A. Pfann

*Corresponding author for this work

Research output: Contribution to journalComment/Letter to the editorAcademicpeer-review


Displaced workers experience significant and long-lasting wage losses. However, the average wage losses hide the tremendous differences among workers. So far, the differences are explained by differences in accumulated on-the-job experience, education level, age, and so on, but a large variation among similar workers remain. In this paper we investigate the effect of general and specific human capital on the unemployment duration and wage losses during the first three years following displacement. Information on the specificity of a job or function allows us to quantify the impact on the wage losses. We are able to rank positions in terms of the specificity of accumulated human capital.
Original languageEnglish
Pages (from-to)225-238
Number of pages14
JournalEducation Economics
Issue number2
Publication statusPublished - 1 Jan 2005


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