Differential Effects of Graduating during a Recession across Race and Gender
- Differential Effects of Graduating during a Recession across Race and Gender
- Kondo, Ayako
- Working papers
Institute for Social and Economic Research and Policy
- Persistent URL:
- ISERP Working Papers
- Part Number:
- Institute for Social and Economic Research and Policy, Columbia University
- Publisher Location:
- New York
- This paper examines the differential effects of the unemployment rate at entry to the labor market, defined as completion of education, on subsequent wages across race and gender. Economic theories about search frictions, human capital accumulation and the internal labor markets all predict less persistence for low skilled or disadvantaged workers and weaker effects on those with weak attachment to the labor force. Consistent with these predictions, the author finds that the effect fades faster for blacks, although the initial impact of a recession at entry is stronger for them. The study also find weaker effects for women.
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- Suggested Citation:
- Ayako Kondo, 2007, Differential Effects of Graduating during a Recession across Race and Gender, Columbia University Academic Commons, http://hdl.handle.net/10022/AC:P:9656.