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Cited by 1,256

The DOI matches its Crossref record; 57 of the 57 references it cites were found in a registry or an index.

The Short- and Long-Term Career Effects of Graduating in a Recession

Open access
Oreopoulos, Philip, von Wachter, Till, Heisz, Andrew·2012·American Economic Journal: Applied Economics
DOI 10.1257/app.4.1.1
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Abstract

This paper analyzes the magnitude and sources of long-term earnings declines associated with graduating from college during a recession. Using a large longitudinal university-employer-employee dataset, we find that the cost of recessions for new graduates is substantial and unequal. Unlucky graduates suffer persistent earnings declines lasting ten years. They start to work for lower paying employers, and then partly recover through a gradual process of mobility toward better firms. We document that more advantaged graduates suffer less from graduating in recessions because they switch to better firms quickly, while earnings of less advantaged graduates can be permanently affected by cyclical downgrading. (JEL E32, I23, J22, J23, J31)

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Show all 57 references

Research works printed but not linked: 12

  1. Aaronson Daniel, 2004, chicago Fed Letter, 9, 1
  2. Barlevy Gadi, 2005, Federal reserve Bank of chicago Economic perspectives, 29, 32
  3. 10.1086/261774 · doi:10.1086/261774
  4. Bloemen Hans G, 2005, Journal of Human resources, 40, 231
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  6. 10.1006/redy.1998.0043 · doi:10.1006/redy.1998.0043
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  10. Reder M. W., 1955, American Economic review, 45, 833
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  12. 10.2307/2534261 · doi:10.2307/2534261

Cited by

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Metadata

Authors
Oreopoulos, P., von Wachter, T., & Heisz, A.
Venue
American Economic Journal: Applied Economics
Publisher
American Economic Association
Published
2012-01-01
Volume
4
Issue
1
Pages
1-29
ISSN
  • 1945-7782 (ISSN-L)
  • 1945-7790
DOI
10.1257/app.4.1.1
OpenAlex
W2075427517
Cited by
1,256
References
57
FWCI
168.17
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: The Short- and Long-Term Career Effects of Graduating in a Recession. https://app.cochat.ai/papers/10.1257/app.4.1.1
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Oreopoulos, P., von Wachter, T., & Heisz, A. (2012). The Short- and Long-Term Career Effects of Graduating in a Recession. American Economic Journal: Applied Economics. https://doi.org/10.1257/app.4.1.1

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.