Re-employment hazard of displaced German workers: evidence from the GSOEP

This study investigates the re-employment hazard of displaced German workers using the first fourteen sweeps of the German Socio-Economic Panel (GSOEP) data. As well as parametric and non-parametric discrete-time specifications for the baseline hazard, the study employs alternative mixing distributions to account for unobserved heterogeneity. Findings of the study suggest negative duration dependence, even after accounting for unobserved heterogeneity. In terms of covariate effects, those at the lower end of the skills ladder, those who had been working in manufacturing and those with previous experience of non-employment are found to have lower hazard of exit via reemployment.

Letters to the editor

The author states his opinion that the most valuable contribution of the July 2007 issue is Gene Amdahl's new paper, which he thinks will probably become as popular as the Amdahl paper reprinted in the same issue since it provides much needed clarifications, and most notably includes the original 'law' formula as presented by Amdahl four decades ago.