The survey presents basic facts on wage growth and summarizes the main ideas on the
possible sources of this growth. We document that wage growth happens mainly early in the …

Unlucky young workers entering the labor market in recessions suffer a range of medium-to
long-term consequences. This paper summarizes the findings of the growing empirical …

This paper studies the differential persistent effects of initial economic conditions for labor
market entrants in the United States from 1976 to 2015 by education, gender, and race using …

We measure impacts of entry conditions on labor market outcomes for the US college
graduating classes of 1974–2011. A large recession reduces initial earnings by 10 …

This paper analyzes the magnitude and sources of long-term earnings declines associated
with graduating from college during a recession. Using a large longitudinal university …

This paper uses a microlevel data set from 49 countries to create a direct measure of
corruption, which portrays the extent of bribery as revealed by individuals who live in those …

This paper documents that the earnings cost of job loss is concentrated among workers who
find reemployment in lower-skill occupations, and that the cost and incidence of such …

We document a negative correlation, at business cycle frequencies, between the net job
creation rate of large employers and the level of aggregate unemployment that is much …

We revisit the issue of the high cyclicality of wages of new hires. We show that after
controlling for composition effects likely involving procyclical upgrading of job match quality …

Important progress has been made in economists' understanding of the Beveridge curve,
from its measurement to its expression in canonical labor market models. Yet enduring …