Department of Economics and Business Economics

Do Business Cycles Have Long-Term Impact for Particular Cohorts?

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Do Business Cycles Have Long-Term Impact for Particular Cohorts? / Andersen, Torben M.; Maibom, Jonas; Svarer, Michael; Sørensen, Allan.

In: LABOUR, Vol. 31, No. 3, 01.09.2017, p. 309-336.

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@article{1906e82fbcf947d188955b2ba5f42250,
title = "Do Business Cycles Have Long-Term Impact for Particular Cohorts?",
abstract = "Do business cycle fluctuations and changes in employment produce cohorts with permanently different labour market attachment? Taking an explicit cohort perspective and based on Danish register data, we find noticeable age dependent persistence in employment rates at the cohort level. Younger workers tend to be more exposed to business cycle fluctuations than older workers, but importantly they recover more quickly than older workers for whom persistence is stronger. Moreover, following the employment trajectories of cohorts, no cohorts have been permanently {\textquoteleft}scarred{\textquoteright} in terms of employment due to a sequence of adverse shocks. Finally, an explicit account of overlapping cohorts is shown to affect assessments of persistence in aggregate employment rates.",
author = "Andersen, {Torben M.} and Jonas Maibom and Michael Svarer and Allan S{\o}rensen",
year = "2017",
month = sep,
day = "1",
doi = "10.1111/labr.12095",
language = "English",
volume = "31",
pages = "309--336",
journal = "LABOUR",
issn = "1121-7081",
publisher = "Wiley-Blackwell Publishing Ltd.",
number = "3",

}

RIS

TY - JOUR

T1 - Do Business Cycles Have Long-Term Impact for Particular Cohorts?

AU - Andersen, Torben M.

AU - Maibom, Jonas

AU - Svarer, Michael

AU - Sørensen, Allan

PY - 2017/9/1

Y1 - 2017/9/1

N2 - Do business cycle fluctuations and changes in employment produce cohorts with permanently different labour market attachment? Taking an explicit cohort perspective and based on Danish register data, we find noticeable age dependent persistence in employment rates at the cohort level. Younger workers tend to be more exposed to business cycle fluctuations than older workers, but importantly they recover more quickly than older workers for whom persistence is stronger. Moreover, following the employment trajectories of cohorts, no cohorts have been permanently ‘scarred’ in terms of employment due to a sequence of adverse shocks. Finally, an explicit account of overlapping cohorts is shown to affect assessments of persistence in aggregate employment rates.

AB - Do business cycle fluctuations and changes in employment produce cohorts with permanently different labour market attachment? Taking an explicit cohort perspective and based on Danish register data, we find noticeable age dependent persistence in employment rates at the cohort level. Younger workers tend to be more exposed to business cycle fluctuations than older workers, but importantly they recover more quickly than older workers for whom persistence is stronger. Moreover, following the employment trajectories of cohorts, no cohorts have been permanently ‘scarred’ in terms of employment due to a sequence of adverse shocks. Finally, an explicit account of overlapping cohorts is shown to affect assessments of persistence in aggregate employment rates.

UR - http://www.scopus.com/inward/record.url?scp=85018423607&partnerID=8YFLogxK

U2 - 10.1111/labr.12095

DO - 10.1111/labr.12095

M3 - Journal article

AN - SCOPUS:85018423607

VL - 31

SP - 309

EP - 336

JO - LABOUR

JF - LABOUR

SN - 1121-7081

IS - 3

ER -