Altonji, Joseph G.; Kahn, Lisa B.; Speer, Jamin D. - National Bureau of Economic Research (NBER) - 2014
typically higher earnings experience significantly smaller declines in most labor market outcomes measured. As a result, the …We analyze the early labor market outcomes of U.S. college graduates from the classes of 1974 to 2011, as a function of … the economic conditions into which they graduated. We have three main findings. First, poor labor market conditions …