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Autoren: 
Andersen, Torben M
Maibom Pedersen, Jonas
Svarer, Michael
Sørensen, Allan
Datum: 
2013
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 7817
Zusammenfassung: 
Will the current employment crisis produce lost generations with permanently lower labour market attachment? Taking an explicit cohort perspective and based on Danish data we do not find strong persistence in employment rates at the cohort level. Younger workers tend to be more exposed to business cycle fluctuations than older workers, but importantly they recover more quickly from such set-backs than older workers for whom persistence is stronger. Moreover, no cohorts have been disproportionately affected by exposure to a sequence of adverse shocks. An explicit account of overlapping cohorts is shown to affect assessments of persistence in aggregate employment rates.
Schlagwörter: 
persistence
lost generations
employment
JEL: 
J6
E32
Dokumentart: 
Working Paper

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