Workers who enter the labor market during recessions experience lasting earnings losses, but the role of non … labor market entry during recessions generates a 5 percent reduction in earnings cumulated over the first decade of …-pay amenities. Purely pecuniary estimates can therefore overstate the welfare costs of labor market entry during recessions. …

Although recessions negatively affect labor market outcomes, we find that individuals with greater cognitive skills … have been less affected by recessions since 2000 compared to those in the 1980s and 1990s. This result occurs despite a … employer-paid training can help explain the relative return to cognitive skills during recent recessions due to lower training …

Although the adverse labor market effects of economic recessions have been well documented, a notable omission in the … literature is how recessions impact workers' job match quality. This paper considers the short and longer-term losses in … productivity associated with the job changing brought in train by the two most recent recessions. Changes in match quality are the …

In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession …

than good due to the economic contraction, despite a large literature that finds mortality rates decline during recessions …

This paper studies how U.S. local labor markets respond to employment losses that occur during recessions. Following … recessions from 1973 through 2009, we find that areas that lose more jobs during the recession experience persistent relative … result in longer-lasting consequences for local labor markets than previously thought, and that recessions are followed by …