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Federal Reserve Bank of Philadelphia
Cascade
Spotlight on Research: Early Labor Experiences of Young Men: Underlying Factors and Later Consequences
Marvin M. Smith
Abstract

Unemployment has deleterious effects on the overall health of the economy. Also, unemployment is debilitating to those experiencing it. For young entrants into the labor force, their early employment/unemployment experiences may be especially critical to their later labor market success. Thus, the initial transition-to-work period may foretell future employment status and wages/income. This is a particularly crucial juncture for young minority males who generally experience high rates of unemployment. Conventional wisdom suggests that higher educational attainment plays a prominent role in labor market and economic outcomes. A study by Michael Stoll draws on research in this area and examines the “influence of educational attainment and race/ethnicity on labor outcomes during the initial transition to work and over the first stage of young men’s working careers.”1 The following is a summary of his paper.


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Marvin M. Smith, "Spotlight on Research: Early Labor Experiences of Young Men: Underlying Factors and Later Consequences" , Federal Reserve Bank of Philadelphia, Cascade, volume 1, number 79, Winter 2012.
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Keywords: Unemployment; work force
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