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The wage scar from male youth unemployment |
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Answer: Gregga and Tominey (2005) utilise the National Child Development Survey to analyse the impact of youth unemployment upon the wage up to twenty years later. | Hampstead Heath, London, in May | |
Sequence: Assign a number (with decimals) determining the sequence of your question.: Gregga,Paul and Emma Tominey. 2005. The wage scar from male youth unemployment. Labour Economics Volume 12, Issue 4, August 2005, Pages 487-509 | Map: 2010-09-19 00:00:00 |
a large and significant wage penalty of youth unemployment | ||||||
They find a large and significant wage penalty, even after controlling for education, region and a wealth of family and individual characteristics. Our estimates are robust to an instrumental variables technique, indicating that the relationship estimated between youth unemployment and the wage is causal. | Their results suggest a scar from early unemployment in the magnitude of 13–21% at age 42. However, this penalty is lower, at 9–11%, if individuals avoid repeat exposure to unemployment. |
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