Oreopoulos, Philip; Wachter, Till von; Heisz, Andrew - In: American Economic Journal: Applied Economics 4 (2012) 1, pp. 1-29
This paper analyzes the magnitude and sources of long-term earnings declines associated with graduating from college during a recession. Using a large longitudinal university-employer-employee dataset, we find that the cost of recessions for new graduates is substantial and unequal. Unlucky...