We utilize Thailand's the financial crisis in 1997 as a natural experiment which exogenously shifts labor demand. Convincing evidence from the Thailand Labor Force Survey support the hypothesis that both employment opportunities and wages shrunk for new entrants after the crisis. We find that workers who entered before the crisis experienced job losses and wage losses. But these losses were smaller than those of new entrants after the crisis. We also find that new entrants after the crisis experienced a 10% reduction in the overtime wages compared to new entrants before the crisis.
権利
Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp
雑誌名
IDE Discussion Paper
雑誌名(英)
IDE Discussion Paper
巻
83
発行年
2006-12-01
出版者
Institute of Developing Economies (IDE-JETRO)
著者版フラグ
publisher
日本十進分類法
366.2
JEL分類
JEL:C21 - Cross-Sectional Models;
JEL:D83 - Search; Learning; Information and Knowledge
JEL:J63 - Turnover; Vacancies; Layoffs
JEL:J64 - Unemployment:
Career Crisis? Impacts of Financial Shock on the Entry-Level Labor Market: Evidence from Thailand
本文
(180.29KB)
