Long-term effects of a recession at labor market entry in Japan and the United States
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 ... Show more
Authors: Genda, Yuji; Kondo, Ayako; Ohta, Souichi
Published: Madison, Wisconsin, University of Wisconsin Press, 2010
Resource type: Article
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