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Autor/in | Rothstein, Jesse |
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Titel | The Lost Generation? Labor Market Outcomes for Post-Great Recession Entrants. Gefälligkeitsübersetzung: Die verlorene Generation?. |
Quelle | In: Journal of human resources, 58 (2023) 5, S. 1452-1479
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | online; gedruckt; Zeitschriftenaufsatz |
ISSN | 0022-166X; 1548-8004 |
DOI | 10.3368/jhr.58.5.0920-11206R1 |
Schlagwörter | Beschäftigungseffekt; Einkommenseffekt; Erwerbsquote; Rezession; Arbeitslosenquote; Arbeitsmarktchance; Auswirkung; Hochschulabsolvent; USA |
Abstract | "I study cohort patterns in the labor market outcomes of recent college graduates, examining changes surrounding the Great Recession. Recession entrants have lower wages and employment than those of earlier cohorts; more recent cohorts' employment is even lower, but the newest entrants' wages have risen. I relate these changes to "scarring" effects of initial conditions. I demonstrate that adverse early conditions permanently reduce new entrants' employment probabilities. I also replicate earlier results of medium-term scarring effects on wages that fade out by the early 30s. But scarring cannot account for the employment collapse for recent cohorts. There was a dramatic negative structural break in college graduates' employment rates, beginning around the 2005 entry cohort, that shows no sign of abating." The study refers to the period 1979-2019. (Author's abstract, IAB-Doku, © the Board of Regents of the University of Wisconsin System).. |
Erfasst von | Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg |
Update | 2024/1 |