UNEMPLOYMENT SCARRING EFFECTS: A SYMPOSIUM ON EMPIRICAL LITERATURE
No 453, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali
This article reviews the empirical literature on unemployment scarring effects. Our goal is twofold: on the one hand, to present an overview of empirical evidence relating to the impact of unemployment spells on subsequent labour market career; on the other hand, to provide a review of the econometric strategies mainly adopted to estimate the causal impact of such unemployment episodes. Focusing on a final sample of 63 papers, the empirical evidence appears homogeneous in highlighting significant and persistent wage losses and strong state dependence.
Keywords: Unemployment scarring effects; state dependence; wage penalties; causal inference; literature review (search for similar items in EconPapers)
JEL-codes: J08 J31 J64 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa and nep-lab
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