The Macro-Foundations of Microeconomics: Initial Labor Market Conditions and Long-Term Outcomes for Economists

By Paul D. Oyer. 2006

369 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d52d9ef2c5f88d523e3ca9ec673449f16ea0d95f

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Citations in the corpus

Firm Market Power and the Earnings Distribution (2015, neutral): “A number of studies (Oyer, 2006, 2008; Genda and Kondo, 2010; Kahn, 2010) nd persistent and negative wage e ects from entering the labor market in a bad economy, lasting for at least 20 years.”
Class Size and Class Heterogeneity (2012, positive): “This is a very important results, given the substantial impact of initial conditions in the labor market (Oyer, 2006).”
The Short- and Long-Term Career Effects of Graduating in a Recession (2012, neutral): “…graduates from less prestigious colleges or majors, who might have received less training or might be of lower ability, are 1 See, for example, Oyer (2006, 2008) for an analysis of MBA college graduates and PhD economists; Kahn (2010) for an analysis of college graduates in the 1982…”
Are Elite Universities Losing Their Competitive Edge (2009, positive): “The disappearance of university fixed effect is consistent with results from Oyer (2006) for the 1990s as well.”
The Making of an Investment Banker: Stock Market Shocks, Career Choice, and Lifetime Income (2008, background): “…this issue from various perspectives include Kahn’s (2006) study of a representative sample of U.S. college graduates in the classes of 1979–1988, Oyer (2006) on the careers of economists, and Baker, Gibbs, and Holmstrom (1994) on cohort effects within a single large firm in the service sector.”
Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles (2017, neutral): “Perhaps most comparable to our work on the CEO labor market is Oyer (2008), who”
Value versus growth investing: Why do different investors have different styles? (2015, neutral): “We still find it informative to examine the time of an individual's first employment because it has been shown to be important in several studies for other economic outcomes (e.g., Oyer (2006) (2008), Kahn (2010), Malmendier et al. (2011), Oreopoulos et al. (2012), and Schoar and Zuo (2013)).”
Good Skills in Bad Times: Cyclical Skill Mismatch and the Long-Term Effects of Graduating in a Recession (2016, background): “Mismatch occurs when a worker is matched to an industry which 1See Oyer (2006) (US), Brunner and Kuhn (2010) (Austria), Kondo (2007); Genda, Kondo, and Ohta (2010) (Japan) and Stevens (2007) (Germany).”
Theory and evidence in internal labor markets (2007, background): “This is found in Baker, Gibbs, and Holmstrom (1994a,b) and, more recently, in Kahn (2006), Oyer (2006), and Oreopoulos, von Wachter, and Heisz (2006) which look at economy-wide cohort wages or industry-level cohort wages.”
Are College Graduates More Responsive to Distant Labor Market Opportunities? (2010, background): “Oyer (2006) and Bender and von Wachter (2006) find scarring effects in more specialized labor markets.”