Data for: Good skills in bad times: Cyclical skill mismatch and the long-term effects of graduating in a recession

Abstract of associated article: We show that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions. Using Norwegian data, we find a strong countercyclical pattern of skill mismatch among college graduates. Initial labor market conditions have a declining but persistent effect on match quality and skill mismatch early in their careers. Match quality of the first employment may explain up to half of the short-term and most of the long-term earnings loss from graduating in a recession.

相关文章摘要：本研究揭示了循环技能错配（指大学毕业生提供的技能与招聘行业所需技能之间的不匹配）是导致经济衰退期间持续职业损失的重要机制。通过挪威数据的研究，我们发现大学毕业生之间存在显著的逆周期性技能错配模式。初始劳动力市场状况对匹配质量和早期职业生涯中的技能错配具有下降但持续的效应。首次就业的匹配质量可能解释了经济衰退期间毕业生短期和长期收入损失的一半以上。