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/lp/university-of-wisconsin-press/long-term-effects-of-a-recession-at-labor-market-entry-in-japan-and-03Kp8yd1g0
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- Publisher
- University of Wisconsin Press
- Copyright
- Copyright © University of Wisconsin Press
- ISSN
- 1548-8004
- Publisher site
- See Article on Publisher Site
Abstract
Abstract: 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 between the two countries is smaller than for less-educated groups.
Journal
Journal of Human Resources – University of Wisconsin Press
Published: Apr 4, 2010