The perfect storm: graduating in a recession in a segmented labor market

This paper analyzes the effects of entry labor-market conditions on workers' career in Spain, a country well known for its highly segmented labor market and rigid labor-market institutions. In contrast with more flexible labor markets, [the authors] find that the annual earnings losses of individuals without a university degree are greater and more persistent than those of college graduates. For workers without a college degree, the effect is driven by a lower likelihood of employment. For college graduates, the negative impact on earnings is driven by both a higher probability of non-employme ... Show more

Authors: Fernandez-Kranz, Daniel; Rodriguez-Planas, Nuria

Published: Bonn, Germany, IZA, 2017

Resource type: Report, paper or authored book

Physical description: 43 p.

Access item: http://legacy.iza.org/en/webcontent/publications/papers/viewAbstract?dp_id=10597

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