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Direct linkKwon, Illoong; Meyersson Milgrom, Eva; Hwang, Seiwoon – Journal of Human Resources, 2010
This paper studies the long-term effects of the business cycle on workers' future promotions and wages. Using the Swedish employer-employee matched data, we find that a cohort of workers entering the labor market during a boom gets promoted faster and reaches higher ranks. This procyclical promotion cohort effect persists even after controlling…
Descriptors: Foreign Countries, Economic Climate, Labor Market, Economic Factors
