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Estimating the Private and Social Opportunity Cost of Displaced Workers

Author

Listed:
  • Glenn P. Jenkins

    (Department of Economics, Queen's University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

  • Claude Montmarquette

    (Université de Montréal, Canada)

Abstract

This paper outlines a framework for the estimation of the opportunity cost of workers who are permanently displaced from their previous place of employment. It will also enable us to evaluate both the private and social costs of adjustment arising from labor displacement. This framework will then be applied to an empirical estimation of both the private and social opportunity cost of labor and the adjustment costs associated with workers laid off by the aircraft industry in Canada.

Suggested Citation

  • Glenn P. Jenkins & Claude Montmarquette, 1979. "Estimating the Private and Social Opportunity Cost of Displaced Workers," Development Discussion Papers 1979-02, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:5502
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    Cited by:

    1. Stefan Boeters & Nico van Leeuwen, 2010. "A labour market extension for WorldScan; modelling labour supply, wage bargaining and unemployment in a CGE framework," CPB Document 201.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Graham Glenday & Glenn F. Jenkins, 1984. "Industrial Dislocation And The Private Cost Of Labor Adjustment," Contemporary Economic Policy, Western Economic Association International, vol. 2(4), pages 23-36, January.
    3. Glenn P. Jenkins & Richard Sogah & Abdallah Othman & Mikhail Miklyaev & Çağay Coşkuner, 2023. "Estimation of the Economic Opportunity Cost of Labour: An Operational Guide for Ghana," Sustainability, MDPI, vol. 15(14), pages 1-21, July.
    4. Pankaj C. Patel, 2024. "Out of the frying pan into the fire: displaced workers’ vocational skill specificity, self-employment, and income," Small Business Economics, Springer, vol. 63(3), pages 1197-1223, October.
    5. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 12 (The Economic Opportunity Cost of Labor)," Development Discussion Papers 2011-12, JDI Executive Programs.
    6. Weidman, James M., 1986. "Employment, Welfare and Distributional Effects of a Unilateral Change in Sugar Trade Policy," 1986 Annual Meeting, July 27-30, Reno, Nevada 278163, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Glenn P. Jenkins & Chun-Yan kuo & Arnold C. Harberger, 2020. "Analyse Couts-Avantages Pour Les Decisions D’Investissement Chapitre 12; L'opportunité Économique Coût Du Travail," Development Discussion Papers 2020-12, JDI Executive Programs.
    8. Boeters, Stefan & Savard, Luc, 2013. "The Labor Market in Computable General Equilibrium Models," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1645-1718, Elsevier.
    9. Boeters, Stefan & Savard, Luc, 2011. "The labour market in CGE models," ZEW Discussion Papers 11-079, ZEW - Leibniz Centre for European Economic Research.

    More about this item

    Keywords

    :Social opportunity cost; employment; labour; Canada;
    All these keywords.

    JEL classification:

    • J0 - Labor and Demographic Economics - - General

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