THE EFFECTS OF GRADUATING FROM COLLEGE DURING A RECESSION ON LIVING STANDARDS
THE EFFECTS OF GRADUATING FROM COLLEGE DURING A RECESSION ON LIVING STANDARDS
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DOI：
10.1111/ecin.12835
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发表时间：
2019-08-29
期刊：
影响因子：
1.8
通讯作者：
Kondo, Ayako
中科院分区：
文献类型：
--
作者：
Kawaguchi, Daiji;Kondo, Ayako
在经济衰退期间从大学毕业对劳动力市场的结果有持续的负面影响。本研究通过分析家庭组建行为和资产持有来评估经济衰退对福利的影响。对1979年全国青年纵向调查（NLSY 79）的审查表明，尽管小时工资下降，但进入劳动力市场的商业周期条件并不影响家庭的形成，汽车或房屋的拥有，或长期的净资产持有。有证据表明，在经济不景气时毕业的人往往会搬到生活成本较低的州，以确保生活水平。(JEL E21）
Graduating from college during a recession has persistent negative effects on labor-market outcomes. This study assesses the welfare impact of a recession at entry by analyzing family formation behaviors and asset holdings. Scrutiny of the National Longitudinal Survey of Youth 1979 (NLSY79) reveals that despite a decline in hourly wages, business cycle conditions at entry to the labor market do not affect family formation, car or home ownership, or net asset holdings in the long run. Evidence suggests that individuals who graduate in bad times tend to move to states with lower living costs to secure living standards. (JEL E21)