In economics sense, recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment, spending,...

This paper investigates polytechnic graduate placement in Finnish manufacturing. The paper uses a register-based data source covering white-collar manufacturing workers over the period 1995-2004. The results reveal that graduates from polytechnics have placed quite well in terms of salaries and...