@article {Genda157, author = {Yuji Genda and Ayako Kondo and Souichi Ohta}, title = {Long-Term Effects of a Recession at Labor Market Entry in Japan and the United States}, volume = {45}, number = {1}, pages = {157--196}, year = {2010}, doi = {10.3368/jhr.45.1.157}, publisher = {University of Wisconsin Press}, abstract = {We examine effects of entering the labor market during a recession on subsequent employment and earnings for Japanese and American men, using comparable household labor force surveys. We find persistent negative effects of the unemployment rate at graduation for less-educated Japanese men, in contrast to temporary effects for less-educated American men. The school-based hiring system and the dismissal regulation prolong the initial loss of employment opportunities for less-educated Japanese men. The effect on earnings for more-educated groups is also stronger in Japan, although the difference between the two countries is smaller than for less-educated groups.}, issn = {0022-166X}, URL = {https://jhr.uwpress.org/content/45/1/157}, eprint = {https://jhr.uwpress.org/content/45/1/157.full.pdf}, journal = {Journal of Human Resources} }