Department of Economics and Business Economics

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

Research output: Working paperResearch

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  • wp13_26

    Submitted manuscript, 1.41 MB, PDF document

Will the current employment crisis produce lost generations with permanently lower labour market attachment? Taking an explicit cohort perspective and based on Danish data we do not find strong 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 from such set-backs than older workers for whom persistence is stronger. Moreover, no cohorts have been disproportionately affected by exposure to a sequence of adverse shocks. An explicit account of overlapping cohorts is shown to affect assessments of persistence in aggregate employment rates.
Original languageEnglish
Place of publicationAarhus
PublisherInstitut for Økonomi, Aarhus Universitet
Number of pages38
Publication statusPublished - 3 Dec 2013
SeriesEconomics Working Papers
Number2013-26

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