Earning loss plot

The wounds that do not heal: Long-term effects of youth-unemployment

Economica Using UK data, the study reveals unemployment between ages 18-20 results in a 1.2% yearly permanent income drop. This “scar effect” lessens at ages 21-23 and vanishes thereafter. The impact is harshest for those at the lower end of the ability spectrum.

October 2021 · Gianni De Fraja, Sara Lemos, James C Rockey
The Decline in Real Wages

The Declining Fortunes of (most) American Workers

We show that real wages decline from the Boomer generation onwards, over the life course. Further analysis shows that this is true for almost all groups, at all income levels.

Laura Harvey, James Rockey