Do Business Cycle Conditions at the Time of Labor Market Entry Affect Future Employment Prospects?

Raaum, Oddbjørn; Røed, Knut

doi:10.1162/rest.88.2.193

Cited by 136 publications

(112 citation statements)

References 17 publications

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“…In Europe, e.g. Raaum and Røed (2006) in Norway, Kwon et al (2010) in Sweden, and Brunner and Kuhn (2014) in Austria reach similar conclusions. More generally, existing evidence broadly confirms the conjecture that a recession 1 has persistent impact on labor market outcomes of young graduates, although the magnitude and persistence of these effects depend much on the considered outcome (employment, wage, earnings,...), the level of educational attainment, and the institutional environment (see Section 2).…”

Section: Introductionmentioning

confidence: 53%

“…Within countries with moderate to high labor market rigidity, such as Norway, Sweden, Austria, and Germany, persistent effects roughly in line with aforementioned theory are found. Raaum and Røed (2006) find that in Norway a business cycle slump at ages 16 and 19 raises prime age unemployment rates by as much as one to two percentage points. These authors do not study the effect on wages.…”

Section: Literature Reviewmentioning

confidence: 89%

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Scars of recessions in a rigid labor market

Cockx

Ghirelli

2016

Labour Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may Scars of Recessions in a Rigid Labor Market AbstractWe study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after graduation. For the high educated, the working time is not persistently affected, but the penalty on the hourly wage (and earnings) increases with experience, and attains roughly -6% ten years after labor market entry. We also contribute to the literature on inference with few clusters.

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Section: Introductionmentioning

confidence: 53%

Section: Literature Reviewmentioning

confidence: 89%

Scars of recessions in a rigid labor market

Cockx

Ghirelli

2016

Labour Economics

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“…Forskningslitteraturen har identifisert effekter av lokale arbeidsforhold ved inntreden på arbeidsmarkedet (Raaum & Røed 2006, for Norge), også for innvandrergrupper spesielt. Mens lav initial arbeidsledighet fremmer sysselsetting blant flyktninger i Sverige opptil ti år etter ankomst (Åslund & Rooth 2007), tyder en ny norsk studie på at slike effekter er svake i Norge (Godøy 2016).…”

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Flyktninger på det norske arbeidsmarkedet

Bratsberg¹,

Raaum²,

Røed³

2016

SPA

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SammendragI likhet med andre europeiske land mottok Norge i fjor et stort antall asylsøkere, og bosettingstallene forventes å bli høye i årene som kommer. Dette gir åpenbare utfordringer knyttet til integrering i det norske arbeidsmarkedet. I denne artikkelen undersøker vi hva vi kan laere av historiske erfaringer for tidligere kohorter av bosatte flyktninger fra land utenfor Europa. En hovedkonklusjon er at ikke-europeiske flyktninger har hatt store problemer med å oppnå høy sysselsetting, og at mange derfor har blitt avhengige av helserelaterte trygdeytelser. Med ambisjon om å oppnå sysselsettingsrater i naerheten av det vi observerer for norskfødte, følger behov for politikkendringer.Nøkkelord: flyktninger, sysselsetting, helserelaterte trygdeytelser, utflytting, familieinnvandring Abstract: Refugees in the Norwegian labour marketIn line with other European countries, last year Norway received a large number of asylum seekers. Settlement figures, which are expected to be high in coming years, present obvious challenges to integration in the Norwegian labour market. Universitetsforlaget | www.idunn.no/spaThis article is downloaded from www.idunn.no. © 2016 Author(s). This is an Open Access article distributed under the terms of the Creative Commons CC-BY-NC 4.0 License (http://creativecommons.org/licenses/by-nc/4.0/), allowing third parties to copy and redistribute the material in any medium or format and to remix, transform, and build upon the material for non-commercial use, provided the original author and source are credited.SØKELYS PÅ ARBEIDSLIVET | NR 3 | 2016 | ÅRGANG 33 | 185-207 DOI: 10.18261/issn.1504-7989-2016 In this article, we examine what can be learned from the experiences of previous refugee cohorts from countries outside Europe. One main conclusion is that nonEuropean refugees have had difficulties achieving high employment rates, many becoming dependent on health-related social insurance. With an ambition of reaching employment rates comparable to those of Norwegian born, there is need for policy change.

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“…1 See, for example, Oreopoulos, von Wachter, and Heisz (2012), Devereux (2002a), Raaum and Røed (2006), Sullivan and von Wachter (2009), Kahn (2010), Genda, Kondo, and Ohta (2010), Oyer (2006), Oyer (2008).…”

mentioning

confidence: 99%

The Allocation of Talent over the Business Cycle and its Long‐term Effect on Sectoral Productivity

Böhm

Watzinger

2015

Economica

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It is well documented that graduates enter different occupations in recessions than in booms. In our article, we examine the impact of this reallocation for long-term productivity and output in a sector. We develop a model in which talent flows to stable sectors in recessions and to cyclical sectors in booms. We find evidence for the predicted change in productivity caused by the business cycle in a setting where output can be readily measured: economists starting or graduating from their PhD in a recession are significantly more productive over the long term than economists starting or graduating in a boom.

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Do Business Cycle Conditions at the Time of Labor Market Entry Affect Future Employment Prospects?

Cited by 136 publications

References 17 publications

Scars of recessions in a rigid labor market

Scars of recessions in a rigid labor market

Flyktninger på det norske arbeidsmarkedet

The Allocation of Talent over the Business Cycle and its Long‐term Effect on Sectoral Productivity

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