Career Crisis? Impacts of Financial Shock on the Entry-Level Labor Market: Evidence from Thailand
Data(s) |
12/01/2007
12/01/2007
01/12/2006
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Resumo |
We utilize Thailand's the financial crisis in 1997 as a natural experiment which exogenously shifts labor demand. Convincing evidence from the Thailand Labor Force Survey support the hypothesis that both employment opportunities and wages shrunk for new entrants after the crisis. We find that workers who entered before the crisis experienced job losses and wage losses. But these losses were smaller than those of new entrants after the crisis. We also find that new entrants after the crisis experienced a 10% reduction in the overtime wages compared to new entrants before the crisis. |
Formato |
266800 bytes application/pdf |
Identificador |
IDE Discussion Paper. No. 83. 2006.12 http://hdl.handle.net/2344/335 IDE Discussion Paper 83 |
Idioma(s) |
en eng |
Publicador |
Institute of Developing Economies, JETRO 日本貿易振興機構アジア経済研究所 |
Palavras-Chave | #Crisis #Financial crises #Entry-Level labor Market #Job loss #Treatment Effects #Thailand #Labor market #Employment #Wages #金融危機 #学卒直後の労働市場 #雇用廃止 #トリートメント効果 #タイ #労働市場 #雇用 #賃金 #366.2 #AHTH Thailand タイ #C21 - Cross-Sectional Models; #D83 - Search; Learning; Information and Knowledge #J63 - Turnover; Vacancies; Layoffs #J64 - Unemployment: #331.6 |
Tipo |
Working Paper Technical Report |