Zusammenfassung:
We replicate results of Forsythe (2022) studying the cyclicality of individuals' labor market transitions conditional on their experience. Using Current Population Survey (CPS) data and state-level variations in the unemployment rate, this paper shows that the hiring probability of youths is more sensitive to business-cycle conditions than for experienced individuals. We replicate the key results in this paper by reconstructing the dataset using the IPUMS-CPS database (Flood et al. (2020)) and recoding the main regressions from scratch. We also conduct a robustness replicability analysis and show that the paper's main results are robust in terms of statistical significance to (i) extending the sample period from 1994-2014 to 1994-2019 and (ii) using metropolitan statistical area (MSA) level unemployment variation instead of state-level variation. These extensions reduce the magnitude of the main effects of interest, but the paper's key conclusions are unaffected.