The Wounds That Do Not Heal. The Life-time Scar of Youth Unemployment

Gianni De Fraja, Sara Lemos and James Rockey

No 11852, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper finds that unemployment shocks affect young workers for the rest of their lives. This scar of youth unemployment is concentrated in the first few years after entry in the labour market: one month of unemployment at age 18-20 cause a permanent income loss of 2%. However, unemployment after that age has no long term effect.

Keywords: Youth unemployment; Lifetime earnings; Scarring effect (search for similar items in EconPapers)
JEL-codes: J31 J64 (search for similar items in EconPapers)
Date: 2017-02
New Economics Papers: this item is included in nep-lab
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Journal Article: The Wounds That Do Not Heal: The Lifetime Scar of Youth Unemployment (2021)
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