Unlucky cohorts : estimating the long-term effects of entering the labor market in a recession in large cross-sectional data sets / Hannes Schwandt (Northwestern University, SIEPR, CEPR and IZA), Till von Wachter (University of California Los Angeles, NBER and CEPR) ; IZA Institute of Labor Economics
VerfasserSchwandt, Hannes ; Wachter, Till von
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, October 2018
Elektronische Ressource
Umfang1 Online-Ressource (68 Seiten) : Diagramme
SerieDiscussion paper ; no. 11926
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Unlucky cohorts [4.65 mb]
Verfügbarkeit In meiner Bibliothek
Zusammenfassung (Englisch)

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.