Do Business Cycle Conditions at the Time of Labour Market Entry Affect Future Unemployment?
Link to article:
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 forskningsrådOppdragsgivers prosjektnr.:
Frisch prosjekt: 1131 - Social background, early unemployment experiences and marginalisation
Contact:
knut.roed@frisch.uio.no.
Financing:
Forskningsrådet