ABSTRACT
In this chapter, I analyze the impact of job loss on economic well-being. 31 To do so, I consider relative losses in post-government household income after job loss. The main aim is to test expectations about factors that buffer losses in labor earnings derived in Chapter 2. Thus, the goal of this chapter is twofold: First, I want to show who is most and who is least affected by declines in economic well-being after job loss. Second, I aim to explain differences in the impact of displacements by showing how different additional incomes in a household buffer earnings losses. In doing so, I shed light on the mechanisms that shape economic well-being after job loss over the life course.
