Unemployment Duration for Different Worker Types
Economists have identified various worker types, including
those who remain in stable employment with only short spells of unemployment (alphas);
those who cycle through many short-term jobs and are more likely to become long-term unemployed (gammas);
and those who fall in-between (betas).
But how does job displacement affect each worker type's overall job-finding rate and ability to recover pre-displacement earnings levels? Examine recent research on the topic in this Economic Synopses essay.