Scars of recessions in a rigid labor market
"We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Louvain-la Neuve
2015
UCL |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19113514124919317969-Scars-of-recessions-in-a-rigid.htm |
| _version_ | 1771659894823321603 |
|---|---|
| author | Cockx, Bart Ghirelli, Corinna |
| author_facet | Cockx, Bart Ghirelli, Corinna |
| collection | Library items |
| description | "We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after graduation. For the high educated, the working time is not persistently affected, but the penalty on the hourly wage (and earnings) increases with experience, and attains roughly -6% ten years after labor market entry. We also contribute to the literature on inference with few clusters." |
| format | TEXT |
| geographic | Belgium |
| id | 19113514124919317969_ef7d2ddddc2149988db304fb78574829 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19113514124919317969_ef7d2ddddc2149988db304fb78574829 |
| is_hierarchy_title | Scars of recessions in a rigid labor market |
| language | English |
| physical | 41 p. Digital |
| publishDate | 2015 |
| publisher | Louvain-la Neuve UCL |
| spellingShingle | Cockx, Bart Ghirelli, Corinna economic recession labour market minimum wage Scars of recessions in a rigid labor market |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=108238092641 |
| title | Scars of recessions in a rigid labor market |
| topic | economic recession labour market minimum wage |
| url | https://www.labourline.org/KENTIKA-19113514124919317969-Scars-of-recessions-in-a-rigid.htm |