How IT-specialized majors pay off: Evidence from an IT industry shock
研究了互联网泡沫破裂对瑞典IT专业大学毕业生职业的影响，发现毕业遇经济低迷者初期收入低，但后来通过转向高薪非IT职业恢复收入。
This paper studies how industry-specific shocks affect workers with specialized skills, focusing on the impact of the burst of the dotcom bubble on the careers of IT-specialized college graduates in Sweden. Graduates entering the labor market during the bust faced sharp initial earnings penalties and lower probabilities of IT sector employment compared to boom cohorts. However, they exhibited remarkable resilience, recovering earnings by leveraging their skills in high-paying, non-IT occupations. Incumbent IT workers, while remaining within the IT sector, experienced a decline in earnings as they moved to lower-premium firms.