TITLE

LABOR FORCE ADJUSTMENT TO STRUCTURAL DISPLACEMENT IN A LOCAL LABOR MARKET

AUTHOR(S)
Stromsdorfer, Ernst W.
PUB. DATE
January 1965
SOURCE
ILR Review;Jan65, Vol. 18 Issue 2, p151
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article seeks to give quantitative content to the discussion of labor force transformation and to provide tentative answers to the following questions. How likely will a displaced worker undertake all or part of the costs involved in readaptation to structural displacement? What are the major costs and risks involved in such labor force adjustment for both the individual and society under present institutional arrangements? What is the constellation of variables, such as age, retraining costs, or geographic mobility costs, which make adjustment feasible? In what manner and degree does the process of readaptation change when society, rather than the individual, undertakes all or part of the costs and risks involved in labor force adjustment? The data suggest that the prospects for adjustment are not as sanguine as the more theoretical analyses tend to suggest, yet in many cases significant returns can be gained. The fact that individuals, such as persons on relief, may be locked into their profile due to institutional arrangements, reinforces the arguments of those who maintain that social, psychological, and institutional factors are critical in labor force transformation.
ACCESSION #
4455839

 

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