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

Author: Congshan Zhang; John M De Figueiredo; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2018.
Series: Working paper series (National Bureau of Economic Research), no. 24538.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Congshan Zhang; John M De Figueiredo; National Bureau of Economic Research,
OCLC Number: 1035374924
Notes: "April 2018"
Description: 1 online resource (12 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 24538.
Responsibility: Congshan Zhang, John M. de Figueiredo.

Abstract:

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 conclude by examining agency occupation composition and job matching as mechanisms for these results.

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Linked Data


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