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Do Business Cycle Conditions at the Time of Labour Market Entry Affect Future Unemployment?

Link to article:

[PDF]

Authors:

Raaum, Oddbjørn and Røed, Knut

Year:

2002

Reference:

Memorandum
Number in series: 12

Summary

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.

JEL:

J64

Keywords:

Unemployment, Marginalisation, Scarring.

Project:

Oppdragsgiver: Norges forskningsråd
Oppdragsgivers prosjektnr.:
Frisch prosjekt: 1131 - Social background, early unemployment experiences and marginalisation

Contact:

knut.roed@frisch.uio.no.

Financing:

Forskningsrådet