New graduates of elite MBA programs flock to Wall Street during bull markets and start their careers elsewhere when the stock market is weak. Given the transferability of MBA skills, it seems likely that any effect of stock returns on MBA placement would be short-lived. In this paper, I use a...

New graduates of elite MBA programs flock to Wall Street during bull markets and start their careers elsewhere when the stock market is weak. Given the transferability of MBA skills, it seems likely that any effect of stock returns on MBA placement would be short-lived. In this paper, I use a...

This paper provides a micro-simulation study on the long-run effects of career interruptions in Germany, extending earlier work which generally only focuses on the first few years after an interruption. Using data of the German Socio-Economic Panel, it finds that career interruptions will, for...