Re-employment after retrenchment: Evidence from the TCF industry study

Abstract

Industry Commission inquiries into the passenger motor vehicle and textiles clothing and footwear (TCF) industries have focused attention on the employment prospects of workers who are displaced as a result of structural change. The fact that older and less skilled workers face considerable difficulty finding new employment is now widely recognised. In this paper we examine the post-retrenchment outcomes for workers retrenched from jobs in the TCF sector. The method of analysis-discrete-time event history analysis-improves on previous studies of post-retrenchment outcomes because labour market conditions are incorporated into the statistical model, redressing the over-emphasis on supply-side..