Are recessions good for government hires? The effect of unemployment on public sector human capital

被引：4
作者：
Zhang, Congshan [1 ]
de Figueiredo, John M. [2 ,3 ,4 ,5 ]
机构：
[1] Duke Univ, Dept Econ, 213 Social Sci Bldg,419 Chapel Dr, Durham, NC 27708 USA
[2] Duke Univ, Sch Law, Durham, NC 27706 USA
[3] Duke Univ, Fuqua Sch Business, Durham, NC 27706 USA
[4] Stanford Univ, Grad Sch Business, Stanford, CA 94305 USA
[5] NBER, Cambridge, MA 02138 USA
来源：
ECONOMICS LETTERS | 2018年 / 170卷
基金：
美国国家科学基金会;
关键词：
Recession; Wages; Government; LABOR-MARKET CONDITIONS; ENTRY;
D O I：
10.1016/j.econlet.2018.05.008
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Utilizing a large dataset on U.S. federal government employees covering 24 years, we estimate and analyze the persistent wage effect of entering government employment during recessions for recent college graduates and other new employees. Contrary to previous results in the literature for private sector employees, we document a significant and long-term wage increase for federal civil servants who enter government service in recessions. We show this result is robust to alternative samples and model specifications. We examine the role of agency occupation composition and job matching as mechanisms for these results. (C) 2018 Elsevier B.V. All rights reserved.
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页码：1 / 5
页数：5
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