2006
DOI: 10.1162/rest.88.2.193
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Do Business Cycle Conditions at the Time of Labor Market Entry Affect Future Employment Prospects?

Abstract: Labor market conditions at the time and place of potential entry into the labor market are shown to have a substantial and persistent effect on adult employment prospects. Individuals who face particularly depressed local labor markets when they graduate from secondary education, are-other things equal-subject to relatively high rates of nonemployment during their whole prime-age work career. Building on a unique combination of micro and macro data from Norway, we show that these effects are robust with respec… Show more

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Cited by 137 publications
(112 citation statements)
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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%
See 1 more Smart Citation
“…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%
“…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).…”
unclassified
“…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%