PT  - JOURNAL ARTICLE
AU  - Yuji Genda
AU  - Ayako Kondo
AU  - Souichi Ohta
TI  - Long-Term Effects of a Recession at Labor Market Entry in Japan and the United States
AID  - 10.3368/jhr.45.1.157
DP  - 2010 Jan 01
TA  - Journal of Human Resources
PG  - 157--196
VI  - 45
IP  - 1
4099  - http://jhr.uwpress.org/content/45/1/157.short
4100  - http://jhr.uwpress.org/content/45/1/157.full
SO  - J Hum Resour2010 Jan 01; 45
AB  - 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.