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Corrigendum to “The Lost Generation? Labor Market Outcomes for Post-Great Recession Entrants”

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  • Jesse Rothstein

Abstract

I study cohort patterns in the labor market outcomes of recent college graduates, examining changes surrounding the Great Recession. Recession entrants have lower wages and employment than those of earlier cohorts; more recent cohorts’ employment is even lower, but the newest entrants’ wages have risen. I relate these changes to “scarring” effects of initial conditions. I demonstrate that adverse early conditions permanently reduce new entrants’ employment probabilities. I also replicate earlier results of medium-term scarring effects on wages that fade out by the early 30s. But scarring cannot account for the employment collapse for recent cohorts. There was a dramatic negative structural break in college graduates’ employment rates, beginning around the 2005 entry cohort, that shows no sign of abating.
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Suggested Citation

  • Jesse Rothstein, 2025. "Corrigendum to “The Lost Generation? Labor Market Outcomes for Post-Great Recession Entrants”," Journal of Human Resources, University of Wisconsin Press, vol. 60(4), pages 1458-1467.
    • Handle: RePEc:uwp:jhriss:v:60:y:2025:i:4:p:1458-1467
    Note: DOI: https://doi.org/10.3368/jhr.58.5.0920-11206R1er
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    2. Ioannis Kospentaris & Leslie S. Stratton, 2025. "The evolution of labor market disparities between Hispanic and non-Hispanic men: 1970–2019," Journal of Population Economics, Springer;European Society for Population Economics, vol. 38(1), pages 1-21, March.
    3. Ege Aksu & Sidhya Balakrishnan & Eric Bettinger & Jonathan S. Hartley & Michael S. Kofoed & Dubravka Ritter & Douglas A. Webber, 2024. "Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection"," Working Papers 24-07, Federal Reserve Bank of Philadelphia.
    4. Margarita Pavlova, 2026. "Graduates in a Cycle: The Effect of Business Cycle Trajectories on Labor Market Outcomes of College Graduates," CERGE-EI Working Papers wp816, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    5. Cristelli, Gabriele & Lissoni, Francesco, 2020. "Free movement of inventors: open-border policy and innovation in Switzerland," MPRA Paper 107433, University Library of Munich, Germany.
    6. David M. Zimmer, 2026. "The long-run effects of recessions on fertility," Review of Economics of the Household, Springer, vol. 24(1), pages 1-16, March.
    7. Fukuda, Akira, 2025. "Entrepreneurship of the ice age cohorts," Journal of the Japanese and International Economies, Elsevier, vol. 77(C).
    8. Nikolaus Seitz & Erik E. Lehmann, 2026. "Does acqui-hiring pay off? An empirical investigation of founder retention," Small Business Economics, Springer, vol. 66(1), pages 361-391, January.
    9. Kamila Cygan-Rehm, 2022. "Lifetime Consequences of Lost Instructional Time in the Classroom: Evidence from Shortened School Years," CESifo Working Paper Series 9892, CESifo.
    10. Chaturvedi, Sugat & Mahajan, Kanika & Siddique, Zahra, 2025. "Gendered language in job ads and applicant behavior: Evidence from India," Labour Economics, Elsevier, vol. 96(C).
    11. Shisham Adhikari & Athanasios Geromichalos & Ates Gursoy & Ioannis Kospentaris, 2025. "How much work experience do you need to get your first job?: The macroeconomic implications of bias against labor market entrants," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 58, October.
    12. Felipe Alves & Giovanni L. Violante, 2024. "From Micro to Macro Hysteresis: Long-Run Effects of Monetary Policy," Staff Working Papers 24-39, Bank of Canada.

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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