Samuel Bentolila, Florentino Felgueroso, Marcel Jansen, Juan F Jimeno
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Lost in recessions: youth employment and earnings in Spain.
Young workers in Spain face the unprecedented impact of the Great Recession and the COVID-19 crisis in short sequence. Moreover, they have also experienced a deterioration in their employment and earnings over the last three decades. In this paper, we document this evolution and adopt a longitudinal approach to show that employment and earnings losses suffered by young workers during recessions are not made up in the subsequent expansions. We also estimate the size of the scarring effects of entering the job market in a recession for college-educated workers during their first decade in the labor market. Our empirical estimates indicate that while there is some evidence of scarring effects, the driving force is a trend worsening of youth labor market outcomes.
Supplementary information: The online version contains supplementary material available at 10.1007/s13209-021-00244-6.
期刊介绍：
SERIEs is a single-blind peer-reviewed open access journal. In the Journal Citation Reports (JCR) the impact factor of the journal in 2020 is 1.088 and, in Scopus, we are in the top quartile according to Scimago Journal Ranking and the CiteScores.
SERIEs - Journal of the Spanish Economic Association is the result of a merger between the two most important academic economics journals in Spain: Spanish Economic Review (SER) and Investigaciones Económicas (IE). The new journal publishes scientific articles in all areas of economics. We welcome both theoretical and empirical papers and place great value on applying high quality standards.
SERIEs seeks to maintain the reputation gained by its predecessors as the most prominent economics journals in Spain, and to become a major internationally recognized journal. The journal is receptive to high-quality papers on any topic and from any source. At the same time, as official journal of the Spanish Economic Association, SERIEs is very interested in high-quality empirical papers about the Spanish and the European economy.
The publication costs are covered by Spanish Economic Association so authors do not need to pay an article-processing charge.
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Officially cited as: SERIEs-Journal of the Spanish Economic Association
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