Health Professions
8 years ago

Unemployment in Youth Leaves Lifelong Income Scars, Study Finds.

RePEc: Research Papers in Economics
The Wounds That Do Not Heal. The Life-time Scar of Youth Unemployment
Gianni De Fraja, Sara Lemos, James Rockey

Paper Summary

Unemployment when you're young can hurt your income for life. If you're 18-20 and out of work for a month, you might lose 2% of your income forever. But if you're older when you're unemployed, it won't have a lasting impact.

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