Abstract
AbstractYoung workers in Spain face the unprecedented impact of the Great Recession and the COVID-19 crisis in short sequence. Moreover, they have also experienced a deterioration in their employment and earnings over the last three decades. In this paper, we document this evolution and adopt a longitudinal approach to show that employment and earnings losses suffered by young workers during recessions are not made up in the subsequent expansions. We also estimate the size of the scarring effects of entering the job market in a recession for college-educated workers during their first decade in the labor market. Our empirical estimates indicate that while there is some evidence of scarring effects, the driving force is a trend worsening of youth labor market outcomes.
Funder
Ministerio de Ciencia e Innovación
Publisher
Springer Science and Business Media LLC
Subject
General Economics, Econometrics and Finance
Reference24 articles.
1. Altonji JG, Kahn LB, Speer JD (2016) Cashier or consultant? Entry labor market conditions, field of study, and career success. J Labor Econom 34(1):S361–S401
2. Andrews D, Deutscher N, Hambur J, Hansell D (2020) The career effects of labour market conditions at entry, Australia treasury working paper 2020-01
3. Arellano M, Bonhomme S, De Vera M, Hospido L, Wei S (2021) Income risk inequality: evidence from Spanish administrative records. Mimeo CEMFI
4. Arellano-Bover J (2020) Career consequences of firm heterogeneity for young workers: first job and firm size. IZA discussion paper 12969
5. Arellano-Bover J (2021) The effect of labor market conditions at entry on workers’ long-term skills. Rev Econ Stat 103:1–45
Cited by
10 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献