KAWAGUCHI, DAIJI; MURAO, TETSUSHI - In: Journal of Money, Credit and Banking 46 (2014) S2, pp. 95-116
Graduating from a school during a time of adverse economic conditions has a persistent, harmful effect on workers’ subsequent employment opportunities. An analysis of panel data from OECD countries during the 1960–2010 periods reveals that a worker who experiences a 1 percentage point higher...