Do Business Cycle Conditions at the Time of Labour Market Entry Affect Future Unemployment?
Link to article:
Raaum, Oddbjørn and Røed, Knut
Number in series: 12
Labour market conditions at the time and place of potential entry into the labour market are shown to have a substantial and persistent impact on adult labour market performance. Birth cohorts that face particularly depressed labour markets when they graduate from primary- and/or secondary education are – other things equal - subject to relatively high rates of unemployment during their whole prime-age work career. Building on a unique combination of micro- and macro data from Norway, we show that these effects are robust with respect to model-specifications and conditioning variables, and that they are not limited to particularly disadvantaged groups of workers.
Unemployment, Marginalisation, Scarring.
Project:Oppdragsgiver: Norges forskningsråd
Frisch prosjekt: 1131 - Social background, early unemployment experiences and marginalisation