Long-lasting effects of Finnish recession: Men's earnings and employment suffer.
The study looked at how Finnish workers were affected by losing their jobs during a big recession in the 1990s. They found that most workers who lost their jobs due to plant closures ended up unemployed. After losing their jobs, there was a big drop in employment and earnings, with women recovering fully but men still facing lower employment and earnings. The study also showed that long-term unemployment and poverty risk were significantly impacted by job loss during the recession.