Authors

Bart Cockx

  • Current position:
    Professor at SHERPPA, Ghent University, Belgium
  • Positions/functions as policy advisor:
    Coordinator of the Research Centre on Active Labour Market Policies funded by the Flemish Government (1/2012–12/2015)
  • Research interest:
    Labor economics, youths in the labor market, the evaluation of labor market and social policies, micro-econometrics.
  • Website:
    https://sites.google.com/site/bartcockxsite/
  • Affiliations:
    Ghent University, Belgium, and IZA, Germany
  • Past positions:
    Professor in the Department of Economics of the Catholic University of Louvain (Louvain-la-Neuve) (1993–2008)
  • Qualifications:
    PhD Economics, Katholieke Universiteit Leuven, 1992
  • Personal statement about IZA World of Labor:
    The World of Labor project is building up an extremely useful database for academics, policymakers, students, and teachers. Name any topic in labor and you will find an up-to-date survey of the academic literature, including policy recommendations. I am extremely delighted for getting the opportunity to contribute to this knowledge building. I hope that this will spur more rational decision making all over the world
  • Selected publications:
    • "Is it socially efficient to impose job search requirements on unemployed benefit claimants with hyperbolic preferences?" Journal of Public Economics 113 (2014): 80–95 (with C. Ghirelli and B. Van der Linden).
    • "Scarring effects of remaining unemployed for long-term unemployed school-leavers.” The Journal of the Royal Statistical Society: Series A (Statistics in Society) 176:4 (2013): 951–980 (with M. Picchio).
    • "Duration dependence in the exit rate out of unemployment in Belgium. Is it true or spurious?" The Journal of Applied Econometrics 20 (2005): 1–23 (with M. Dejemeppe).
    • "Social employment of welfare recipients in Belgium: An evaluation." The Economic Journal 111:470 (2001): 322–352 (with G. Ridder).
    • "Analysis of transition data by the minimum chi-square method. An application to welfare spells in Belgium." The Review of Economics and Statistics 79:3 (1997): 392–405.
  • Articles

Do youths graduating in a recession incur permanent losses?

Penalties may last ten years or more, especially for high-educated youth and in rigid labor markets

August 2016

10.15185/izawol.281 281

by Bart Cockx Cockx, B

The Great Recession that began in 2008–2009 dramatically increased youth unemployment. But did it have long-lasting, adverse effects on the careers of youths? Are cohorts that graduate during a recession doomed to fall permanently behind those that graduate at other times? Are the impacts different for low- and high-educated individuals? If recessions impose penalties that persist over time, then more government outlays are justified to stabilize economic activity. Scientific evidence from a variety of countries shows that rigid labor markets can reinforce the persistence of these setbacks, which has important policy implications.