RT Generic
T1 Graduating into a recession
A1 Alba, Alfonso
A1 Reggio, Iliana
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB 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.
SN 2340-5031
YR 2017
FD 2017-08-01
LK https://hdl.handle.net/10016/25363
UL https://hdl.handle.net/10016/25363
LA eng
NO In writing this paper we have benefited from comments by Steve Bond, Julio Cáceres, RodolfoCampos, Ricardo Mora, Jan Stuhler, and participants at UC3M research seminar. Iliana Reggioacknowledges financial support by the Spanish Ministerio de Ciencia y Tecnología (Grant ECO2015-65204-P).
DS e-Archivo
RD 1 sept. 2024