Good skills in bad times

Cyclical skill mismatch and the long-term effects of graduating in a recession

We show that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions. Using Norwegian data, we find a strong countercyclical pattern o...

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Bibliographic details
Volume: 6820
Main Author: Liu, Kai
Salvanes, Kjell G
Sørensen, Erik Ø
Format: Book
Language: English
Place of publication: Bonn IZA 2012
Data of publication: 2012
Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit
Online Access: available in Bonn?
Database: FIS Bildung Literaturdatenbank
Database information Databases - DBIS