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Long-term effects on youth career of entering the labour market during the Great Recession

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  • Marta Escalonilla
  • Begoña Cueto
  • Maria Jose Perez Villadóniga

Abstract

In this article, we analyse the long-term effects on youth professional careers of entering the Spanish labour market under adverse economic conditions, using administrative data from the Continuous Sample of Working Histories (CSWH) for the period 2007–2017. We follow a cohort approach and estimate a Weighted OLS specification. Results show that cohorts entering the labour market in a recession face long-term consequences both in terms of wages and employment. For less-educated individuals, we find that the main effect is via employment, even blocking their entry into the labour market. For high-educated individuals, instead, we obtain a long-term penalty in terms of wages as well as a reduction in the days worked. The main contribution of this paper is to provide evidence of the long run impact on youth careers of the Great Recession in a segmented labour market.

Suggested Citation

  • Marta Escalonilla & Begoña Cueto & Maria Jose Perez Villadóniga, 2021. "Long-term effects on youth career of entering the labour market during the Great Recession," Applied Economics, Taylor & Francis Journals, vol. 53(49), pages 5643-5657, October.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:49:p:5643-5657
    DOI: 10.1080/00036846.2021.1927966
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    Cited by:

    1. Robles Cariaga, Diego Orlando, 2021. "The impact of the COVID-19 pandemic on Labour Force Participation in Chile : Evidence from a Difference-in-Differences approach," Warwick-Monash Economics Student Papers 29, Warwick Monash Economics Student Papers.
    2. David Boto-García & Marta Escalonilla, 2022. "University education, mismatched jobs: are there gender differences in the drivers of overeducation?," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 39(3), pages 861-902, October.
    3. José M. Arranz & Carlos García-Serrano, 2024. "Persistence of Overeducation Among Young Workers and Business Cycle," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 174(2), pages 769-793, September.
    4. Favara, Marta & Freund, Richard & Perez-Alvarez, Marcello, 2023. "What If It Never Happened? Subjective Treatment Effects of a Negative Shock on Youth Labour Market Outcomes in Developing Countries," IZA Discussion Papers 16417, Institute of Labor Economics (IZA).
    5. Marta Escalonilla & Begoña Cueto & María José Pérez-Villadóniga, 2022. "Is the Millennial Generation Left Behind? Inter-Cohort Labour Income Inequality in a Context of Economic Shock," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(1), pages 285-321, November.

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