Long-term effects of a recession at labor market entry in japan and the United States

Yuji Genda, Ayako Kondo, Souichi Ohta

Research output: Contribution to journalArticle

87 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)157-196
Number of pages40
JournalJournal of Human Resources
Volume45
Issue number1
DOIs
Publication statusPublished - 2010

ASJC Scopus subject areas

  • Economics and Econometrics
  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Management of Technology and Innovation

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