The Lost Generation? Labor Market Outcomes for Post-Great Recession Entrants.

Autor/in	Rothstein, Jesse
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 Link als defekt meldenVerfügbarkeit
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