Long-Term Effects of a Recession at Labor Market Entry in Japan and the United States
利用家庭劳动力调查数据，比较日本和美国男性在衰退期进入劳动力市场对后续就业和收入的长期影响，发现低学历日本男性受冲击更持久。
We examine effects of entering the labor market during a recession on subsequent employment and earnings for Japanese and American men, using comparable household labor force surveys. We find persistent negative effects of the unemployment rate at graduation for less-educated Japanese men, in contrast to temporary effects for less-educated American men. The school-based hiring system and the dismissal regulation prolong the initial loss of employment opportunities for less-educated Japanese men. The effect on earnings for more-educated groups is also stronger in Japan, although the difference between the two countries is smaller than for less-educated groups.