Life-Cycle Impacts of Graduating in a Recession
https://www.nber.org/reporter/2023number1/life-cycle-impacts-graduating-recession
Young adults who enter the labor market during recessions can experience negative impacts to their economic, family, and health outcomes that endure into middle age and beyond. Those who join the workforce in a downturn have lower long-term earnings, higher rates of disability, fewer marriages, less successful spouses, and fewer children. In middle age they also have higher mortality due to lung, liver, and heart disease. The long-lasting effects of labor market shocks to young adults have important implications for assessing the costs of recessions and government interventions.
https://www.nber.org/reporter/2023number1/life-cycle-impacts-graduating-recession
Young adults who enter the labor market during recessions can experience negative impacts to their economic, family, and health outcomes that endure into middle age and beyond. Those who join the workforce in a downturn have lower long-term earnings, higher rates of disability, fewer marriages, less successful spouses, and fewer children. In middle age they also have higher mortality due to lung, liver, and heart disease. The long-lasting effects of labor market shocks to young adults have important implications for assessing the costs of recessions and government interventions.
Don't Graduate into a Recession
https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2020/q2-3/research_spotlight.pdf
https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2020/q2-3/research_spotlight.pdf
Recession Graduates: The Long-lasting Effects of an Unlucky Draw
https://siepr.stanford.edu/sites/default/files/publications/PolicyBrief-Apr2019.pdf
https://siepr.stanford.edu/sites/default/files/publications/PolicyBrief-Apr2019.pdf
People Who Graduate During Recessions Earn Less Money — but They’re Happier
https://hbr.org/2018/09/people-who-graduate-during-recessions-earn-less-money-but-theyre-happier