Data and Code for: "Understanding the Scarring Effect of Recessions"

Principal Investigator(s): View help for Principal Investigator(s) Christopher Huckfeldt, Cornell University

Name	File Type	Size	Last Modified
UTSEOR_ReplicationFiles			03/08/2022 01:20:PM

Project Citation:

Huckfeldt, Christopher. Data and Code for: “Understanding the Scarring Effect of Recessions.” Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-03-09. https://doi.org/10.3886/E153821V1

Project Description

Summary:

This paper documents that the earnings cost of job loss is concentrated among workers who find reemployment in lower-skill occupations, and that the cost and incidence of such occupation dis- placement is higher for workers who lose their job during a recession. I propose a model where hiring is endogenously more selective during recessions, leading some unemployed workers to optimally search for reemployment in lower-skill jobs. The model accounts for existing estimates of the size and cyclicality of the present value cost of job loss, and the cost of entering the labor market during a recession.

(JEL E24, E32, J23, J24, J31, J63, J64)

Scope of Project

Subject Terms: macroeconomics; labor; unemployment; recessions

JEL Classification:
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J24 Human Capital; Skills; Occupational Choice; Labor Productivity

Universe: Data for United States, 1968+

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Published Versions

V1 [2022-03-09]

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