Publication:
Graduating into a recession

Thumbnail Image
Identifiers
URI: https://hdl.handle.net/10016/25363
ISSN: 2340-5031
UXXI: DT/0000001583
Files
we1712.pdf (1.13 MB)
Publication date
2017-08-01
Defense date
Authors
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
Impact
Google Scholar
Export
Research Projects
Organizational Units
Journal Issue
Abstract
We investigate labour market outcomes among persons who graduated from college during a recession in Spain. We use administrative data that allow for longitudinal analysis for a large sample of workers. The main result is that men and women who enter the labor market in a period of rising unemployment experience a significant loss of earnings in comparison with cohorts entering just before or after the downturn. However, we find that earnings differentials become insignificant by the third year after graduation for men, and by the fifth year for women. Almost all earnings losses among unlucky college graduates appear to be caused by joblessness: the brunt of adjustment takes place through employment rather than wages.
Description
Keywords
College graduates, Youth unemployment, Recession, Earnings
Bibliographic citation
Collections
DE - Working Papers. Economics. WE