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Do youths graduating in a recession incur permanent losses?

Bart Cockx (UGent)
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Organization
Abstract
In flexible labor markets, low-educated entrants are harmed by economic downturns, but the penalties are short-lived. High-educated youth are less adversely affected, but the penalties persist longer. It takes about ten years for young cohorts that enter the labor market during a downturn to catch up to cohorts that did not. In rigid labor markets, however, while low-educated entrants are better shielded in the short term, both low- and high-educated workers never make up their earnings losses. Macroeconomic stabilization policies should be complemented by policies that aim at combining more job flexibility with job security.
Keywords
scars, graduating in recessions, lost generation, labor market rigidity

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Citation

Please use this url to cite or link to this publication:

MLA
Cockx, Bart. “Do Youths Graduating in a Recession Incur Permanent Losses?” IZA WORLD OF LABOR 281 (2016): 1–11. Print.
APA
Cockx, B. (2016). Do youths graduating in a recession incur permanent losses? IZA WORLD OF LABOR, (281), 1–11.
Chicago author-date
Cockx, Bart. 2016. “Do Youths Graduating in a Recession Incur Permanent Losses?” Iza World of Labor (281): 1–11.
Chicago author-date (all authors)
Cockx, Bart. 2016. “Do Youths Graduating in a Recession Incur Permanent Losses?” Iza World of Labor (281): 1–11.
Vancouver
1.
Cockx B. Do youths graduating in a recession incur permanent losses? IZA WORLD OF LABOR. 2016;(281):1–11.
IEEE
[1]
B. Cockx, “Do youths graduating in a recession incur permanent losses?,” IZA WORLD OF LABOR, no. 281, pp. 1–11, 2016.
@article{8048165,
  abstract     = {In flexible labor markets, low-educated entrants are harmed by economic downturns, but the penalties are short-lived. High-educated youth are less adversely affected, but the penalties persist longer. It takes about ten years for young cohorts that enter the labor market during a downturn to catch up to cohorts that did not. In rigid labor markets, however, while low-educated entrants are better shielded in the short term, both low- and high-educated workers never make up their
earnings losses. Macroeconomic stabilization policies should be complemented by policies that aim at combining more job flexibility with job security.},
  author       = {Cockx, Bart},
  issn         = {2054-9571},
  journal      = {IZA WORLD OF LABOR},
  keywords     = {scars,graduating in recessions,lost generation,labor market rigidity},
  language     = {eng},
  number       = {281},
  pages        = {1--11},
  title        = {Do youths graduating in a recession incur permanent losses?},
  url          = {http://dx.doi.org/10.15185/izawol.281},
  year         = {2016},
}

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