Journal of Labor Economics Vol. 40 No. 3 2022
Did Timing Matter? Life Cycle Differences in Effects of Exposure to the Great Recession
open access
Abstract
I estimate the effects of exposure to the Great Recession on employment and earnings for groups defined by year of birth over the 10 years following the beginning of the recession. Younger workers experience the largest earnings losses in percentage terms (up to 13%), in part because they remain less likely to work for high-paying employers even as their overall employment recovers more quickly than that of older workers.
- DOI
- 10.1086/716346
- Volume
- 40
- Issue
- 3
- Pages
- 703-735
- Language
- en
- Sources
- openalex crossref