Good skills in bad times: Cyclical skill mismatch and the long-term effects of graduating in a recession
Good skills in bad times: Cyclical skill mismatch and the long-term effects of graduating in a recession
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DOI：
10.1016/j.euroecorev.2015.08.015
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发表时间：
2016-05-01
影响因子：
2.8
通讯作者：
Sorensen, Erik O.
中科院分区：
文献类型：
--
作者：
Liu, Kai;Salvanes, Kjell G.;Sorensen, Erik O.
我们发现，周期性技能不匹配，定义为大学毕业生提供的技能和招聘行业要求的技能之间的不匹配，是经济衰退中毕业生持续职业损失的重要机制。使用挪威的数据，我们发现大学毕业生之间的技能不匹配的一个强大的反周期模式。最初的劳动力市场条件对他们职业生涯早期的匹配质量和技能不匹配有一个下降但持续的影响。第一份工作的匹配质量可以解释在经济衰退中毕业的短期收入损失的一半和大部分长期收入损失。(C)2015 Elsevier B.V.版权所有。
We show that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions. Using Norwegian data, we find a strong countercyclical pattern of skill mismatch among college graduates. Initial labor market conditions have a declining but persistent effect on match quality and skill mismatch early in their careers. Match quality of the first employment may explain up to half of the short-term and most of the long-term earnings loss from graduating in a recession. (C) 2015 Elsevier B.V. All rights reserved.