The scarring effects of initial labor market conditions on South Korean nurses

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dc.contributor.authorSaade, Ahmed J.
dc.contributor.authorAlexiou, Constantinos
dc.contributor.authorBelghitar, Yacine
dc.date.accessioned2024-09-05T09:22:18Z
dc.date.available2024-09-05T09:22:18Z
dc.date.freetoread2024-09-05
dc.date.issued2024-08-31
dc.date.pubOnline2024-08-31
dc.description.abstractUsing a longitudinal dataset spanning the period 2000-2020, and an identification strategy based on instrumental variables, we examine the existence of scarring in the context of the Korean nursing profession. We find that the prevailing unemployment rate at time of graduation has negative effects on nurses’ wages that remain highly significant up to 6 years after joining the labor market, while working hours are positively scarred for up to 10 years. We also estimate a series of happiness equations to understand nurses’ experiences after joining the labor market, and find that a higher unemployment rate at time of graduation is associated with feelings of worse financial conditions, less happy lives, and lower income satisfaction.
dc.description.journalNameSeoul Journal of Economics
dc.format.extent153-185
dc.identifier.citationSaade A, Alexiou C, Belghitar Y. (2024) The scarring effects of initial labor market conditions on South Korean nurses. Seoul Journal of Economics, Volume 37, Issue 3, August 2024, pp. 153-185
dc.identifier.eissn1225-0279
dc.identifier.elementsID552647
dc.identifier.issn1225-0279
dc.identifier.issueNo3
dc.identifier.urihttps://doi.org/10.22904/sje.2024.37.3.001
dc.identifier.urihttps://dspace.lib.cranfield.ac.uk/handle/1826/22887
dc.identifier.volumeNo37
dc.language.isoen
dc.publisherSeoul National University
dc.rightsAttribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectHuman capital
dc.subjectPersistence
dc.subjectScarring
dc.subjectSchool-to-work transition
dc.subjectUnemployment
dc.titleThe scarring effects of initial labor market conditions on South Korean nurses
dc.typeArticle
dc.type.subtypeArticle
dcterms.dateAccepted2024-08-07

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