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A lost generation? The early career effects of graduating during a recession

We estimate the effect of graduating during a recession on the early careers of high educated graduates in the Netherlands between 1996 and 2012. Exploiting field-specifi c differences in un-employment rates, we fi nd that graduates on average suffer a 2.3% lower wage in a typical recession in their first year.

CPB Discussion Paper 356 | 6 July 2017

38 pages | pdf document, 1.4 MB

ISBN 978-90-5833-779-5 | Go to publication

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