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

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


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...  [+] Show more

Subjects: Students; Employment; Economics; Labour market; Governance; Outcomes

Keywords: Graduates; Economic recession; Transition from education and training to employment; Entry into working life; Education work relationship; Employment status; Employability; Regulation; Labour relations; Labour turnover; Return on education and training

Geographic subjects: Spain; Europe

Published: Bonn, Germany: IZA, 2017

Physical description: 43 p.

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Series: IZA discussion paper; no. 10597

Resource type: Discussion paper

Call number: TD/TNC 127.983

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