Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148506
Authors: 
Cockx, Bart
Year of Publication: 
2016
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2016 [Issue:] 281
Abstract: 
The Great Recession that began in 2008–2009 dramatically increased youth unemployment. But did it have long-lasting, adverse effects on the careers of youths? Are cohorts that graduate during a recession doomed to fall permanently behind those that graduate at other times? Are the impacts different for low- and high-educated individuals? If recessions impose penalties that persist over time, then more government outlays are justified to stabilize economic activity. Scientific evidence from a variety of countries shows that rigid labor markets can reinforce the persistence of these setbacks, which has important policy implications.
Subjects: 
scars
graduating in recessions
lost generation
labor market rigidity
JEL: 
E24
E32
I21
J20
J31
J60
Persistent Identifier of the first edition: 
Document Type: 
Article

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