Who: Associate Professor James Rockey, University of Leicester
When: Wednesday, 11 April 2018
Time: 12:00 – 1:30pm (lunch will be provided)
Where: Building 5D, Level 2, Room 02.20
University of Technology Sydney
1-59 Quay Street, Haymarket
Free seminar, register by Monday 9th April on https://www.eventbrite.com/e/chere-seminar-the-life-time-scar-of-youth-unemployment-tickets-44535256150
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Abstract: This paper uses a UK administrative dataset to study the long-term effects of unemployment on earnings. We find that unemployment shocks affect young workers for the rest of their lives. This scar of youth unemployment is concentrated in the first few years after entry into the labour market: each month of unemployment between the ages of 18 and 20 causes a permanent income loss of 2%. However, unemployment after that age has limited term effect. The result is robust to different specifications, and it affects most the individuals at the lower end of the ability distribution.
Speaker: James Rockey holds a PhD in Economics from the University of Bristol. He joined the Department of Economics at Leicester in September 2008 where he is now an Associate Professor. James interests in political economics include the political economy of fiscal policy (voter ideology and the size of government, constitutional political economy) and electoral behaviour (political competition with loss-aversion, turnout). Much of his other work has focused on the causes of economic development (growth econometrics, the effectiveness of industrial policy) and inequality (inequality and demography, gender equality, the long-term consequences of unemployment). His research has been published in journals including the Review of Economics and Statistics, the European Economic Review, and Public Choice.