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DESCRIPTION:Speaker: Till von Wachter (UCLA)\n	Host: Nicolas Gendron-Carrier
 \n	Field: Labour Economics\n\nWebpage: http://www.econ.ucla.edu/tvwachter/
 \n\nDate: February 24\, 2021\n	Time: 14:00-15:00 Eastern Time\n\nSocioecono
 mic Decline and Death: Midlife Impacts of Graduating in a Recession \n	(joi
 nt with Hannes Schwandt)\n\nAbstract:\n	This paper uses several large cross
 -sectional data sources and a new approach to estimate midlife effects of 
 entering the labor market in a recession on mortality by cause and various
  measures of socioeconomic status. We find that cohorts coming of age duri
 ng the deep recession of the early 1980s suffer increases in mortality tha
 t appear in their late 30s and further strengthen through age 50. We show 
 these mortality impacts are driven by disease-related causes such as heart
  disease\, lung cancer\, and liver disease\, as well as drug overdoses. At
  the same time\, unlucky middle-aged labor market entrants earn less and w
 ork more while receiving less welfare support. They are also less likely t
 o be married\, more likely to be divorced\, and experience higher rates of
  childlessness. Our findings demonstrate that temporary disadvantages in t
 he labor market during young adulthood can have substantial impacts on lif
 etime outcomes\, can affect life and death in middle age\, and go beyond t
 he transitory initial career effects typically studied.\n
DTSTART:20210224T190000Z
DTEND:20210224T200000Z
SUMMARY:Till von Wachter (UCLA)\, 'Socioeconomic Decline and Death: Midlife
  Impacts of Graduating in a Recession'
URL:/economics/channels/event/till-von-wachter-ucla-so
 cioeconomic-decline-and-death-midlife-impacts-graduating-recession-328553
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