Entering in the recession and you will never recover.

martingull · December 22nd, 2011, 9:04 am

Hi,I frequently hear people cite some paper(s) that gives 'evidence' that people that enter the job market during a recession will have a less prosperous future than people that enter during a boom. The paper(s) are often said to test for many factors that explains future income but the most pronounce is the boom/bush factor. Does anyone know what this paper(s) is called? I put evidence in ' ' because I feel the word evidence is often misused in finance, it has little direct relation to the this paper in particular. Martin