Cockx, Bart; Ghirelli, Corinna - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2014
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...