1 option
Unlucky Cohorts: Estimating the Long-term Effects of Entering the Labor Market in a Recession in Large Cross-sectional Data Sets / Hannes Schwandt, Till M. von Wachter.
- Format:
- Book
- Author/Creator:
- Schwandt, Hannes.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25141.
- NBER working paper series no. w25141
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Unlucky Cohorts
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- This paper studies the differential persistent effects of initial economic conditions for labor market entrants in the United States from 1976 to 2015 by education, gender, and race using labor force survey data. We find persistent earnings and wage reductions especially for less advantaged entrants that increases in government support only partly offset. We confirm the results are unaffected by selective migration and labor market entry by also using a double-weighted average unemployment rate at labor market entry for each birth cohort and state-of-birth cell based on average state migration rates and average cohort education rates from Census data.
- Notes:
- Print version record
- October 2018.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.