000			01455nab a2200265 c 4500
999			_c145968 _d145968
003			ES-MaIEF
005			20220606182823.0
007			ta
008			220606s2022 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_969805 _aHuckfeldt, Christopher
245		0	_aUnderstanding the scarring effect of recessions _c Christopher Huckfeldt
500			_aResumen.
504			_aBibliografía.
520			_aThis 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 occupation displacement is higher for workers who lose their job during a recession. I propose a model where hiring is endogenously more selective during recessions, leading some unemployed workers to optimally search for reemployment in lower-skill jobs. The model accounts for existing estimates of the size and cyclicality of the present value cost of job loss, and the cost of entering the labor market during a recession.
650		4	_948198 _aRECESIONES ECONOMICAS
650		4	_942613 _aDESEMPLEO
650			_aTRABAJADORES _947884
650			_aSALARIOS _948349
650		4	_947734 _aMERCADO DE TRABAJO
650		4	_aESTADOS UNIDOS _942888
650		4	_aMODELOS ECONOMETRICOS _947776
773	0		_9167335 _oOP 234/2022/4 _tThe American Economic Review _w(IEF)103372 _x 0002-8282 _g v. 112, n. 4, April 2022, p. 1273-1310
942			_cART