LATE-LIFE JOB DISPLACEMENT

Data from the 1992 wave of the Health and Retirement Study are used to examine the incidence of job displacement among workers ages 51 throu gh 60. The average displaced worker experiences a loss in earnings of 39%. Households which contain a displaced worker have incomes 24% lowe r than the household of an average worker. Little of these lost earnin gs are replaced through pension income. The rate of health insurance c overage is 16% lower among displaced workers. As with other labor mark et outcomes, non-Whites on average are the most economically vulnerabl e following displacement.