Do Business Cycle Conditions at the Time of Labor Market Entry Affect Future Employment Prospects?
研究发现，进入劳动力市场时当地劳动力市场状况越差，个体在成年后整个职业生涯中失业率越高，这一效应在挪威数据中稳健且不限于弱势背景人群。
Labor market conditions at the time and place of potential entry into the labor market are shown to have a substantial and persistent effect on adult employment prospects. Individuals who face particularly depressed local labor markets when they graduate from secondary education, are-other things equal-subject to relatively high rates of nonemployment 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 specification and conditioning variables, and that they are not limited to individuals with a particularly disadvantaged background. Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.