Does leaving education in a recession have a lasting impact on living standards?

Jonathan Cribb

Published on 30 November 2017

Short-term pain, long-term pain? The immediate and lasting impacts of economic downturns on living standards

Young adults leaving education and starting their working lives are particularly hard hit by recessions

1.Do people leaving education at an unlucky time have persistently or permanently lower earnings, even once the economy has returned to normal?

2.Do negative labour market impacts lead to persistently lower living standards?

Authors

Jonathan Cribb

Associate Director

Jonathan is an Associate Director and Head of Retirement, Savings and Ageing sector, focusing on pensions, savings and later-life economic activity.