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Stable sectors may benefit from recessions by recruiting more talented workers

Boehm, Michael J. and Watzinger, Martin (2014) Stable sectors may benefit from recessions by recruiting more talented workers. LSE American Politics and Policy (10 Mar 2014). Website.

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Abstract

Between the end of 2007 and the middle of 2009, Britain and the United States experienced the worst recession for more than half a century. During that time entry into high-paying and high-risk private sector jobs declined substantially while many graduates tried to secure employment in less volatile sectors, such as academia. But how may this affect the economy in the long run? Michael Boehm and Martin Watzinger measure significantly higher research productivity for academics that started their career in recession compared to academics that started out in a boom. This suggests that less volatile sectors benefit from recessions in terms of the talent they can attract.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2014 The Authors; Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 08 Aug 2014 13:22
Last Modified: 19 Nov 2019 19:23
URI: http://eprints.lse.ac.uk/id/eprint/58797

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