Do Business Cycle Conditions at the Time of Labour Market Entry Affect Future Unemployment?

Oddbjørn Raaum and Knut Røed ()

No 12/2002, Memorandum from Oslo University, Department of Economics

Abstract: Labour market conditions at the time and place of potential entry into the labour market are shown to have a substantial and persistent impact on adult labour market performance. Birth cohorts that face particularly depressed labour markets when they graduate from primary- and/or secondary education are – other things equal - subject to relatively high rates of unemployment during their whole prime-age work career. Building on a unique combination of micro- and macro data from Norway, we show that these effects are robust with respect to model-specifications and conditioning variables, and that they are not limited to particularly disadvantaged groups of workers.

Keywords: Unemployment; Marginalisation; Scarring. (search for similar items in EconPapers)
JEL-codes: J64 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2003-06-17
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Citations: View citations in EconPapers (4)

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